debtor definition
The person that owes money. If a bank lent you money, the bank is the creditor and you are the debtor.
The person that owes money. If a bank lent you money, the bank is the creditor and you are the debtor.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.