a person or firm to whom money is due ( debtor ). a person or firm that gives credit in business transactions. Bookkeeping. credit ( def 11b, 11c ). One to whom a debt is owed. Lenders and creditors, if successful in court, can then garnish a person’s wages or seize their assets.
What is a debtor & a creditor?
A debtor is a term used to describe the opposite of a creditor – an individual that owes money, or who is in debt to an organisation or person.
