Meaning of Debtor?
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A person who takes money from bank or from other loans entities. so these person is called debtor..
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Sunny5225:
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A debtor is a person or entity that owes money. In other words, the debtor has a debt or legal obligation to pay an amount to another person or entity
eg of debtor : when u sold good to arun on credit . arun need to pay to u . in this case arun is debtor .
hope u have clarity
eg of debtor : when u sold good to arun on credit . arun need to pay to u . in this case arun is debtor .
hope u have clarity
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