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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.
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Debit
::
Debit (v. t.) To enter on the
debtor
(Dr.) side of an
account;
as, to debit the
amount
of goods
sold..
Principal
::
Principal
(n.) A chief
obligor,
promisor,
or
debtor,
-- as
distinguished
from a
surety..
Discuss
::
Discuss
(v. t.) To
examine
or
search
thoroughly;
to
exhaust
a
remedy
against,
as
against
a
principal
debtor
before
proceeding
against
the
surety..
Trustee
::
Trustee
(v. t.) To
attach
(a
debtor's
wages,
credits,
or
property
in the hands of a third
person)
in the
interest
of the
creditor..
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..
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..
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..
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.
Extension
::
Extension
(v. t.) A
written
engagement
on the part of a
creditor,
allowing
a
debtor
further
time to pay a
debt..
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..
Extent
::
Extent
(n.) A
process
of
execution
by which the lands and goods of a
debtor
are
valued
and
delivered
to the
creditor.
Hypotheca
::
Hypotheca
(n.) An
obligation
by which
property
of a
debtor
was made over to his
creditor
in
security
of his debt.
Insolvent
::
Insolvent
(n.) One who is
insolvent;
as
insolvent
debtor;
-- in
England,
before
1861,
especially
applied
to
persons
not
traders..
Debitor
::
Debitor
(n.) A
debtor.
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..
Insolvent
::
Insolvent
(a.) Not
solvent;
not
having
sufficient
estate
to pay one's
debts;
unable
to pay one's debts as they fall due, in the
ordinary
course
of trade and
business;
as, in
insolvent
debtor..
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..
Term
::
Term (n.) A space of time
granted
to a
debtor
for
discharging
his
obligation.
Joint
::
"Joint
(a.)
United,
joined,
or
sharing
with
another
or with
others;
not
solitary
in
interest
or
action;
holding
in
common
with an
associate,
or with
associates;
acting
together;
as, joint heir; joint
creditor;
joint
debtor,
etc..
Debtee
::
Debtee
(n.) One to whom a debt is due;
creditor;
--
correlative
to
debtor.
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