Debtor definition : a person who is in debt or under financial obligation to another ( creditor ).. See examples of DEBTOR used in a sentence. Debtors Updated Sep 8, 2024 Definition of Debtors Debtors are individuals or entities that owe money to another party. In the context of business accounting, debtors are often referred to as “accounts receivable.” This term represents the money owed to a company for goods or services delivered or used but not yet paid for by customers. A debtor is a person or business that owes money to a creditor. Learn about debtors ' rights, penalties, and how they differ from creditors in this article. Debtor is a core concept in corporate finance and accounting. Understand its definition , benefits, and explore the latest Debtor trends here.
