Debitor for Dummies
noun
pronunciation: 'dɛbɪtərWhat does Debitor really mean?
Hey there! So, the word "debtor" is a little tricky, but I'm here to help make it easier for you to understand. Okay, so a debtor is someone who owes something to someone else. It could be money, a favor, or even just some kind of responsibility. Let me give you an example: Let's say you borrowed $20 from your friend to buy a new video game, but you haven't paid them back yet. That makes you the debtor because you owe your friend the $20 you borrowed.
Now, there's another definition of "debtor" that has to do with business and financial stuff. In that context, a debtor is someone who owes money to a company or a person. They might have taken out a loan or bought something on credit and haven't paid it back yet.
So, to sum it up, a debtor is basically someone who owes something to someone else. It could be money, a favor, or even a responsibility. It's like having a little debt hanging over your head that you need to take care of at some point. Does that make sense? Let me know if you have any questions!
Now, there's another definition of "debtor" that has to do with business and financial stuff. In that context, a debtor is someone who owes money to a company or a person. They might have taken out a loan or bought something on credit and haven't paid it back yet.
So, to sum it up, a debtor is basically someone who owes something to someone else. It could be money, a favor, or even a responsibility. It's like having a little debt hanging over your head that you need to take care of at some point. Does that make sense? Let me know if you have any questions!
Revised and Fact checked by Megan Brown on 2023-11-15 05:52:51
Debitor In a sentece
Learn how to use Debitor inside a sentece
- A person who owes money to someone else is a debitor
- When you borrow money from a bank, you become a debitor
- If you use your credit card to buy something, you become a debitor to the credit card company
- When you take out a loan to buy a car, you become a debitor to the lender
- If you owe your friend money for lunch, you are a debitor to your friend
Debitor Synonyms
Words that can be interchanged for the original word in the same context.
Debitor Hypernyms
Words that are more generic than the original word.
Debitor Hyponyms
Words that are more specific than the original word.