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From Longman Dictionary of Contemporary Englishdebtordebt‧or /ˈdetə $ -ər/ noun [countable] technical  OWEa person, group, or organization that owes money opp creditor
Examples from the Corpus
debtorDebtor countries cannot develop to their full potential while continuing to pay off such massive foreign debts.Usually, both creditors and debtors are excluded from the sale.It makes it harder for debtors to make offers and to delay proceedings. 3.Cade could provide for both the Crown and its debtors credit and financial expertise.He made the point that most debtors will have to pay, and will respond positively when things improve.The judicial system now had to protect creditors instead of debtors.Secondly, the same principles apply to a contract between the creditor and one of joint and several debtors.Some of the debtors cannot afford to pay these high interest rates.If a statutory demand is served, the debtor has only a limited period within which to apply to set it aside.However, Mr Nawroze does warn young debtors to seek professional advice.This is the day by which your debtor must return the reply form which is attached to the summons to the court.
From Longman Business Dictionarydebtordebt‧or /ˈdetə-ər/ noun1[countable] a person, organization, or country that owes moneyPutting a debtor into jail means that he can’t earn money to pay his debts.The IMF is trying to restructure the debts and economies of debtor nations (=countries that owe money to others). judgement debtor sundry debtor2debtors [plural] British EnglishACCOUNTING money owed to a business by its customers SYN accounts receivable AmECurrent assets are typically finished goods, work in progress, raw materials, cash and debtors.
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