debtor

Definition

An individual or company that owes debt to another individual or company (the creditor), as a result of borrowing or issuing bonds. also called obligor.

Use debtor in a sentence

I was the debtor and that meant that it was me that owed money to others and not the other way around sadly.

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You should make sure that you do not do anything to offend a debtor or they may be less likely to pay you back.

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I spoke to the debtor today about resolving our bill that we owe to them and they said we almost have paid it in full.

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limited recourse debt creditors' settlement