A debtor is an individual or sole trader who owes money to another person or company ( creditor). See also regulation 3 of the Debt Arrangement Scheme (Scotland) Regulations 2004 (opens in a new window).
an individual or business that owes money for goods or services supplied to them by another concern. The figure quoted in a company's accounts is a snapshot at the end of the accounting period, not an average figure. This can be misleading if, for example, the company completed a very large sale just before the end of the accounting period and has not yet been paid.
See on: Wikipedia Investopedia A company or individual who owes money. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower. If the debt is in the form of securities, such as bonds, the debtor is referred to as an issuer.
The party owing a debt to another party in insolvency proceedings. EU initiatives to develop uniform procedures on insolvency proceedings will make it more difficult for a debtor to escape obligations. (See Judicial-civil: Insolvency)