Debtor

4 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Debtor \Debt"or\, n. [OE. dettur, dettour, OF. detor, detur,
     detour, F. d['e]biteur, fr. L. debitor, fr. debere to owe.
     See {Debt}.]
     One who owes a debt; one who is indebted; -- correlative to
     creditor.
     [1913 Webster]


  
           [I 'll] bring your latter hazard back again,
           And thankfully rest debtor for the first. --Shak.
     [1913 Webster]
  
           In Athens an insolvent debtor became slave to his
           creditor.                                --Mitford.
     [1913 Webster]
  
           Debtors for our lives to you.            --Tennyson.
     [1913 Webster]

From WordNet (r) 2.0 [wn]:

  debtor
       n : a person who owes a creditor; someone who has the obligation
           of paying a debt [ant: {creditor}]

From Easton's 1897 Bible Dictionary [easton]:

  Debtor
     Various regulations as to the relation between debtor and
     creditor are laid down in the Scriptures.
     
       (1.) The debtor was to deliver up as a pledge to the creditor
     what he could most easily dispense with (Deut. 24:10, 11).
     
       (2.) A mill, or millstone, or upper garment, when given as a
     pledge, could not be kept over night (Ex. 22:26, 27).
     
       (3.) A debt could not be exacted during the Sabbatic year
     (Deut. 15:1-15).
     
       For other laws bearing on this relation see Lev. 25:14, 32,
     39; Matt. 18:25, 34.
     
       (4.) A surety was liable in the same way as the original
     debtor (Prov. 11:15; 17:18).
     

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  DEBTOR, contracts. One who owes a debt; he who may be constrained to pay 
  what he owes. 
       2. A debtor is bound to pay his debt personally, and all the estate he 
  possesses or may acquire, is also liable for his debt. 
       3. Debtors are joint or several; joint, when they all equally owe the 
  debt in solido; in this case if a suit should be necessary to recover the 
  debt, all the debtors must be sued together or, when some are dead, the 
  survivors must be sued, but each is bound for the whole debt, having a right 
  to contribution from the others; they are several, when each promises 
  severally to pay the whole debt; and obligations are generally binding on 
  both or all debtors jointly and severally. When they are severally bound 
  each may be sued separately, and on the payment of debt by one, the others 
  will be bound to contribution, where all had participated in the money or 
  property, which was the cause of the debt. 
       4. Debtors are also principal and surety; the principal debtor is bound 
  as between him and his surety to pay the whole debt. and if the surety pay 
  it, he will be entitled to recover against the principal. Vide Bouv. Inst. 
  Index, h.t.; Vin. Ab. Creditor and Debtor; Id. Debt; 8 Com. Dig. 288; Dig. 
  50, 16, 108 Id. 50, 16, 178, 3; Toull. liv. 2, n. 250.