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

Debt

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

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