debtor

Etymology

From Middle English dettour, from Old French detour, from Latin debitor. Doublet of debitor. Displaced native Old English *sċola.

noun

1. (economics) A person or firm that owes money; one in debt; one who owes a debt.
2. (law) One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.