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Definition of debtor
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of debtor is as below...
Debtor
(n.) One who owes a debt; one who is
indebted;
--
correlative
to
creditor.
Lern More About Debtor
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Asylum
::
Asylum
(n.) A
sanctuary
or place of
refuge
and
protection,
where
criminals
and
debtors
found
shelter,
and from which they could not be
forcibly
taken
without
sacrilege..
Garnishee
::
Garnishee
(n.) One who is
garnished;
a
person
upon whom
garnishment
has been
served
in a suit by a
creditor
against
a
debtor,
such
person
holding
property
belonging
to the
debtor,
or owing him
money..
Debtee
::
Debtee
(n.) One to whom a debt is due;
creditor;
--
correlative
to
debtor.
Adjudication
::
Adjudication
(n.) The
decision
upon the
question
whether
the
debtor
is a
bankrupt.
Pledge
::
Pledge
(n.) The
transfer
of
possession
of
personal
property
from a
debtor
to a
creditor
as
security
for a debt or
engagement;
also, the
contract
created
between
the
debtor
and
creditor
by a thing being so
delivered
or
deposited,
forming
a
species
of
bailment;
also, that which is so
delivered
or
deposited;
something
put in
pawn..
Debitor
::
Debitor
(n.) A
debtor.
Seize
::
Seize (v. t.) To take
possession
of by
virtue
of a
warrant
or other legal
authority;
as, the
sheriff
seized
the
debtor's
goods..
Assets
::
Assets
(n. pl.)
Effects
of an
insolvent
debtor
or
bankrupt,
applicable
to the
payment
of
debts..
Recoverable
::
Recoverable
(a.)
Capable
of being
recovered
or
regained;
capable
of being
brought
back to a
former
condition,
as from
sickness,
misfortune,
etc.;
obtainable
from a
debtor
or
possessor;
as, the debt is
recoverable;
goods lost or sunk in the ocean are not
recoverable..
Hypothecation
::
Hypothecation
(n.) The act or
contract
by which
property
is
hypothecated;
a right which a
creditor
has in or to the
property
of his
debtor,
in
virtue
of which he may cause it to be sold and the price
appropriated
in
payment
of his debt. This is a right in the
thing,
or jus in re..
Extent
::
Extent
(n.) A
peculiar
species
of
execution
upon debts due to the
crown,
under which the lands and goods of the
debtor
may be
seized
to
secure
payment..
Debit
::
Debit (v. t.) To enter on the
debtor
(Dr.) side of an
account;
as, to debit the
amount
of goods
sold..
Subrotund
::
Subrogation
(n.) The
substitution
of one
person
in the place of
another
as a
creditor,
the new
creditor
succeeding
to the
rights
of the
former;
the mode by which a third
person
who pays a
creditor
succeeds
to his
rights
against
the
debtor..
Principal
::
Principal
(n.) A chief
obligor,
promisor,
or
debtor,
-- as
distinguished
from a
surety..
Abscond
::
Abscond
(v. i.) To
depart
clandestinely;
to steal off and
secrete
one's self; -- used
especially
of
persons
who
withdraw
to avoid a legal
process;
as, an
absconding
debtor..
Compensation
::
Compensation
(n.) The
extinction
of debts of which two
persons
are
reciprocally
debtors
by the
credits
of which they are
reciprocally
creditors;
the
payment
of a debt by a
credit
of equal
amount;
a
set-off.
Empower
::
Empower
(v. t.) To give
authority
to; to
delegate
power to; to
commission;
to
authorize
(having
commonly
a legal
force);
as, the
Supreme
Court is
empowered
to try and
decide
cases,
civil or
criminal;
the
attorney
is
empowered
to sign an
acquittance,
and
discharge
the
debtor..
Alsatian
::
Alsatian
(n.) An
inhabitant
of
Alsatia
or
Alsace
in
Germany,
or of
Alsatia
or White
Friars
(a
resort
of
debtors
and
criminals)
in
London..
Debit
::
Debit (n.) A debt; an entry on the
debtor
(Dr.) side of an
account;
--
mostly
used
adjectively;
as, the debit side of an
account..
Insolvent
::
Insolvent
(n.) One who is
insolvent;
as
insolvent
debtor;
-- in
England,
before
1861,
especially
applied
to
persons
not
traders..
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