debitor

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debitor

A shopkeeper records a debitor's payment in a ledger.

Definition
  1. Noun:
    • A person who owes money to a creditor; a debtor: A "debitor" is an individual or entity legally obligated to pay a sum of money or fulfill a duty to another party, known as the creditor.
Usage and Examples
  • Noun:
    • The bank identified him as the primary debitor on the loan agreement.
    • As the debitor, she was responsible for the monthly payments.
Advanced Usage
  • Legal and Financial Context: The term "debitor" is used formally in legal, financial, and accounting contexts to denote the party with a repayment obligation. It is synonymous with "debtor" but is less common in everyday modern English.
    • The contract clearly outlined the rights of the creditor and the responsibilities of the debitor.
Variants and Related Words
  • Debtor (n): The more common modern synonym for "debitor." Both words share the same definition.
  • Obligor (n): A formal term for a person who is bound by a legal obligation, which can include a financial debt.
Synonyms
  • Debtor: One who owes a debt.
  • Borrower: One who receives something (typically money) with the promise of returning it.
  • Mortgagor: A specific type of debitor who pledges property as security for a loan.
Antonyms
  • Creditor: A person or institution to whom money is owed.
  • Lender: One who gives a loan.
  • Payee: One to whom money is paid or is to be paid.
debitor

A shopkeeper records a debitor's payment in a ledger.

Noun
  1. a person who owes a creditor; someone who has the obligation of paying a debt

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