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What is a debtor?

What is a debtor? Here are some definitions.

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.
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The ultimate goal of credit is to produce yields for both the bank and the debtor.
Debt consolidation and a debt management plan won't do any good if the debtor simply doesn't have any spare cash.
Sometimes the debtor has to bear severe loss, while the creditor goes on minting money.
And chiefly, it says we actually are probably devotees of Mammon rather than the God of the poor and the debtor.
Assignment results in the transfer from the assignor to the third-party assignee of the right to proceed directly against the debtor or obligor.
It is noted that both the probation officer and the debtor are professionally part of the criminal justice system.

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