debtor
n. countablen. a person, group, or country that owes money to someone else. You use this word when talking about loans, bills, or official financial agreements.
n. a person or entity that is in debt to another. Frequently used in legal and financial contexts to identify the party with an obligation to pay.
The debtor promised to pay back the loan by next month.
If a debtor fails to make payments on time, the bank may take legal action to recover the funds.
The international treaty aims to provide relief for any debtor nation struggling to meet its interest obligations due to sudden currency devaluation.
From Middle English dettour, from Old French detour, from Latin debitor, equivalent to debt + -or. Doublet of debitor. Displaced native Old English *sċola.
Often paired with the word 'creditor', which refers to the person or institution that lent the money.