DEBTOR
Debtor
A debtor is an entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.The above text is a snippet from Wikipedia: Debtor
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debtor
Noun
- A person or firm that owes money; one in debt; one who owes a debt
- One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.
The above text is a snippet from Wiktionary: debtor
and as such is available under the Creative Commons Attribution/Share-Alike License.