Question

Definition of debtors with example ?

Answer 1

The term 'debtor' refers to individuals as well as other firms, banks, lending companies, and more. If anyone owes payment for goods or services given to an entity or a company, the person owing may be called a debtor.

Answer 2

Answer:

A debtor is a term used in according to describe the opposite of a creditor - an individual that owes money, or who is in debt to an organisation or person.