Definition of debtors with example ?
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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.
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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.
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