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Debtor

calender iconUpdated on June 01, 2023
corporate finance and accounting
debt

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Sure, here’s the definition of the word “debtor”:

debtor: A person who owes a debt.

A debtor can be an individual or a corporation. A debt can be incurred in a variety of ways, such as through borrowing money, buying goods on credit, or having a debt owed to you.

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