Debtor for Dummies
noun
pronunciation: 'dɛtərWhat does Debtor really mean?
Hey there! So, "debtor" is a word that we use when someone owes money to someone else. You can think of it as a person or a company who has borrowed money or received goods or services on credit, and now they have to pay it back. It's like when you borrow a toy from a friend and you promise to give it back to them later. In this case, the borrowed toy is the thing that the debtor owes to someone else.
There are different types of debtors. Some debtors might owe money to a bank or a credit card company, while others might owe money to friends or family members. The important thing to remember is that being a debtor means that you have a responsibility to repay the money or the things that you borrowed.
In a legal and financial context, a debtor is someone who is legally obligated to repay a debt or the person or entity that owes money to a creditor. So, when you owe money to someone, you are the debtor.
I hope this helps you understand what "debtor" means! If you have any questions, feel free to ask.
There are different types of debtors. Some debtors might owe money to a bank or a credit card company, while others might owe money to friends or family members. The important thing to remember is that being a debtor means that you have a responsibility to repay the money or the things that you borrowed.
In a legal and financial context, a debtor is someone who is legally obligated to repay a debt or the person or entity that owes money to a creditor. So, when you owe money to someone, you are the debtor.
I hope this helps you understand what "debtor" means! If you have any questions, feel free to ask.
Revised and Fact checked by Mike Johnson on 2023-11-15 05:50:15
Debtor In a sentece
Learn how to use Debtor inside a sentece
- John is a debtor because he owes money to the bank.
- The company became a debtor after borrowing a large sum of money to expand their business.
- Sheila is a debtor because she has not paid back the loan she took out for her car.
- The country became a debtor after taking out a loan to fund its infrastructure projects.
- He became a debtor when he used his credit card to purchase expensive items without the ability to pay it back.
Debtor Synonyms
Words that can be interchanged for the original word in the same context.
Debtor Antonyms
Words that have the opposite context of the original word.
Debtor Hypernyms
Words that are more generic than the original word.
Debtor Hyponyms
Words that are more specific than the original word.