Definition
A debtor is a person or entity that owes money to another party.
Why It Matters
Debtors are responsible for repaying borrowed funds according to agreed terms.
Example
A homeowner paying a mortgage loan.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
A debtor is a person or entity that owes money to another party.
Debtors are responsible for repaying borrowed funds according to agreed terms.
A homeowner paying a mortgage loan.