Other Free Encyclopedias » 21st Century Webster's Family Encyclopedia » 21st Century Webster's Family Encyclopedia - Davis, Henry Gassaway to Diamond


debtor creditor owed

Debt, something owed, whether money, services, or goods. The debtor usually pays interest to the creditor (to whom the debt is owed). If the debtor fails to pay the debt, the creditor can take court action to try to acquire some of the debtor's property. Laws determine what may be seized.

Claude Achille Debussy [next] [back] Eugene Victor Debs

User Comments

Your email address will be altered so spam harvesting bots can't read it easily.
Hide my email completely instead?

Cancel or