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debtor

Aussprache: [ˈdɛb.tər]

Wort

Kontext: „finance“

(noun) a person or organization that owes money to another person or organization. Imagine you borrow money from a bank or a friend, you become their debtor because you need to pay them back.

Beispiel

The debtor promised to repay the loan by the end of the year.

Beispiel

The debtor failed to make any payments this month.

Beispiel

Who is the debtor in this loan agreement?

Kontext: „law“

(noun) a person or organization that is required to pay back a debt, specifically in a legal context. This means they have a legal responsibility to settle what they owe.

Beispiel

The debtor filed for bankruptcy to manage their debts legally.

Beispiel

The debtor ignored the court's order to repay the debt.

Beispiel

What happens if the debtor cannot pay their debts in court?

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