who is a debtor ?give one example
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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. e.g. if I have took money from someone so that person is a debtor.1
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A debtor is a company or individual who owes money. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower, and if the debt is in the form of securities—such as bonds—the debtor is referred to as an issue. e.g. if I have took money from someone so that person is a debtor.
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