Noun1.debtor- a person who owes a creditor; someone who has the obligation of paying a debt debitor individual,mortal,person,somebody,someone,soul- a human being; "there was too much for one person to do" deadbeat,defaulter- someone who fails to meet a financial obligation ...
It is common to drop the word ‘trade’ and simply refer to ACME as a debtor. Suppliers will first check out the creditworthiness of a buyer before offering credit terms. Creditworthiness refers to an entity’sability to pay back a debt on time. If you are a good debtor, i.e., you ...
Related to debtor:Judgment debtor One who owes a debt or the performance of an obligation to another, who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. InBankruptcylaw, a person who files a voluntary...
Generally speaking, a debtor acquires debt for a specific purpose, such as to fund a college education or to purchase a house. In business and government, debt is often issued in the form of bonds, which are tradeable securities entitling the bearer to repayment at the appropriate time(s)...
The meaning of DEPOSIT is to place especially for safekeeping or as a pledge; especially, economics : to put in a bank. How to use deposit in a sentence.
n. in bankruptcy proceedings when a debtor has filed for the right to submit a plan for reorganization or refinancing under Chapter 11, and the debtor is allowed to continue to manage his/her/its business without an appointed trustee, that debtor is called a "debtor in possession." (See:ba...
The meaning of GO-GETTER is an aggressively enterprising person. How to use go-getter in a sentence.
DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order. Final Order means an order or judgment of a court of competent jurisdicti...
The Bank may at any time, either orally or in writing, request confirmation from any Receivable Debtor of the current amount and status of the Receivable upon which such Receivable Debtor is obligated. Notes Receivable: Debtor owns twelve (10) notes receivable with a current remaining unpaid bala...
Debt assumption is a type of debt refinancing under which a specific financial obligation is officially transferred from one party to another. The transaction involves paying off -- and thus ending -- the original payer's debt responsibility by shifting the payment commitment to a new debtor under...