debtor

  1. Noun.  (economics) A person or firm that owes money; one in debt; one who owes a debt.
  2. Noun.  (legal) : One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.

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This entry was last updated on RefTopia from its source on 3/20/2012.