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debitor

 

Definitions from the Web

Debitor

Part of Speech: Noun

Sense 1:

A debitor refers to a person or entity who owes money to another party.

Usage:

John is a debitor to his bank due to his mortgage.

Companies often have multiple debitors who owe them outstanding payments.

Related Products:

Debt Management Personal Finance Books

Part of Speech: Noun

Sense 2:

In Roman law, a debitor refers to a person who is legally obligated to perform a payment or fulfill a contract.

Usage:

The debitor in this case failed to fulfill their contractual obligations.

The court held the debitor liable for the damages caused by their breach of contract.

Related Products:

Roman Law Contract Law Books
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