« Back to Glossary Index« Back to Glossary Index
Tags: payments
Categories: Economics & Finance
An entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterparts of this debt arrangement is a bank, the debtor is more often referred to as a borrower.
(source: http://en.wikipedia.org/wiki/Debtor)
Related Articles: