Cool MateDebtor
UK //ˈdɛtbə//US //ˈdɛtər//
Definition
A person or organization that owes money to another.
In simple words: A person who owes money.
Examples
- The debtor finally made the payment he owed to the bank.
- As a debtor, it's important to keep track of your debts.
- The court required the debtor to attend a financial counseling session.
- Many debtors struggle to repay their loans during economic downturns.
- Being a debtor comes with responsibilities to pay back money on time.
Usage notes
Used in legal and financial contexts. Not commonly used in everyday conversation.
Grammar pattern
subject
Memory hint
Think of 'debtor' as someone who's in debt - like a debtor dancing with creditors!
Collocations
- personal debtor
- business debtor
- debtor's rights
Synonyms
- borrower
- receiver
- liable party
Antonyms
- creditor
- lender
Common mistakes
- Confused with 'creditor', which means a person to whom money is owed.
- Using it in informal contexts where simpler terms, like 'borrower', might be better.
- Incorrectly assuming all debtors are in financial trouble.