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Definition of Debtor

A debtor is a person, company, or other entity that  owes money. In other words, the debtor has a debt or legal obligation to pay the amount owed.

Example of Debtor

If a company borrows $10,000 from a bank, the company is the 游戏电竞线上外围APP v5.2 debtor and the bank is the 游戏电竞线上外围APP v5.2 creditor .

Free Financial Statements Cheat Sheet

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