debtor

Definitions

  • Debtor and Creditor.—Seizure of Goods for a Debt
    Debtor and Creditor.—Seizure of Goods for a Debt
  • WordNet 3.6
    • n debtor a person who owes a creditor; someone who has the obligation of paying a debt
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Webster's Revised Unabridged Dictionary
  • Interesting fact: Charles Dickens grew up in extreme poverty. At the age of 10, his father was sent to debtor's prison, his mother forced into menial labor, this brothers and sisters worked in factories, and Dickens himself had to tie and label sacks of lamp black. He would later draw on these experiences in his novels.
    • n Debtor One who owes a debt; one who is indebted; -- correlative to creditor. "I 'll] bring your latter hazard back again,
      And thankfully rest debtor for the first."
      "In Athens an insolvent debtor became slave to his creditor.""Debtors for our lives to you."
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Century Dictionary and Cyclopedia
  • Interesting fact: Mississippi was the first state to outlaw imprisonment of debtors.
    • n debtor One who owes another money, goods, or services; one who is in debt; hence, one under obligations to another for advantages received, or to do reparation for an injury committed; one who has received from another an advantage of any kind.
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Chambers's Twentieth Century Dictionary
    • Debtor one who owes a debt: the side of an account on which debts are charged
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Quotations

  • Gore Vidal
    Gore%20Vidal
    “On 16 September 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died.”
  • Ambrose Bierce
    Ambrose%20Bierce
    “Forgetfulness. A gift of God bestowed upon debtors in compensation for their destitution of conscience.”
  • James Howell
    James Howell
    “The creditor hath a better memory than the debtor.”
  • Irish Proverb
    Irish Proverb
    “A small debt makes a man your debtor, a large one your enemy.”
  • Benjamin Franklin
    Benjamin%20Franklin
    “Creditors have better memories than debtors.”
  • Francis Bacon
    Francis%20Bacon
    “I hold every man a debtor to his profession.”

Etymology

Webster's Revised Unabridged Dictionary
OE. dettur, dettour, OF. detor, detur, detour, F. débiteur, fr. L. debitor, fr. debere, to owe. See Debt
Chambers's Twentieth Century Dictionary
O. Fr. dette—L. debitum, debēre, to owe.

Usage

In literature:

In western Massachusetts a rebellion broke out, the rebels being largely discouraged debtors.
"George Washington: Farmer" by Paul Leland Haworth
Traveling expenses to Kansas, and the tracts, make the debtor column overreach the creditor some two thousand dollars.
"Eighty Years And More; Reminiscences 1815-1897" by Elizabeth Cady Stanton
If nothing more comes of this journey into the world than I have already had, I am your debtor for life.
"Yolanda: Maid of Burgundy" by Charles Major
Oglethorpe's idea was that the colony should be a refuge for persecuted Christians and the debtor classes of England.
"A Social History of The American Negro" by Benjamin Brawley
I never was forbearing with a debtor, that I didn't get chiselled this way.
"Round the Block" by John Bell Bouton
And yet it is to the drunkard humanity is debtor.
"In the Name of the Bodleian and Other Essays" by Augustine Birrell
Beckington made the city his debtor by giving it a water supply.
"Somerset" by G.W. Wade and J.H. Wade
It owes all this, and owns itself as debtor for it to him, who opens the eyes of the blind.
"Christ The Way, The Truth, and The Life" by John Brown (of Wamphray)
I shall always be your debtor.
"Overland" by John William De Forest
FLEET PRISON, a celebrated London jail in Farringdon Street; was a debtor's prison as far back as the 12th century.
"The Nuttall Encyclopaedia" by Edited by Rev. James Wood
Then when the individual debtors had been squeezed dry the turn of their mortgagees came.
"The Long White Cloud" by William Pember Reeves
For the poor debtors and other oppressed persons were very glad to have a new start in life.
"A Short History of the United States" by Edward Channing
It is the interest of one man to lend, and of another to borrow; of the creditor to receive, and of the debtor to avoid payment.
"The Water-Witch or, The Skimmer of the Seas" by James Fenimore Cooper
Built an apartment of brick in the yard of the old gaol, before it was burnt, for debtors, containing three rooms.
"An Account of the English Colony in New South Wales, Vol. 2" by David Collins
He was not under the debtor obligation of having gotten something from the men he is speaking of.
"Quiet Talks with World Winners" by S. D. Gordon
But he remembers when his father was taken, like Mr. Dorrit, to the Debtors' Prison.
"Little Journeys to the Homes of the Great, Vol. 1 of 14" by Elbert Hubbard
Paper money of the period was worthless, and debtors were rebellious.
"Our Government: Local, State, and National: Idaho Edition" by J.A. James
He knew too well, that by the laws of Dantzic the debtor was either dragged to the common prison or all his goods were seized.
"International Weekly Miscellany, Vol. 1, No. 2, July 8, 1850" by Various
And he seemed to figure it as a sort of tug-of-war between his creditors and his debtors, he himself being the rope.
"The Card, A Story Of Adventure In The Five Towns" by Arnold Bennett
My debtor's step would still be most welcome to him, and he would eat my food in strangeness and fear.
"The Entailed Hat" by George Alfred Townsend
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In poetry:

He is a man of mighty power;
In very fact, a great J.P.;
And I, his debtor, rock and roar,
And vow he'll be the death o' me.
"The Bore" by C J Dennis
SECOND PRIEST.
Every moment, as it flows, Some peculiar pleasure owes;
Then let us, providently wise,
Seize the debtor as it flies.
"The Captivity" by Oliver Goldsmith
And slowly learns the world the truth
That makes us all thy debtor,--
That holy life is more than rite,
And spirit more than letter;
"A Spiritual Manifestation" by John Greenleaf Whittier
They know! know it! but better, oh, better,
Dearest, than ever a bird in Spring,
Know we to make each moment debtor
Unto love's burgeoning!
"Mating" by Cale Young Rice
It soothed the weary hours of toil,
It brought forgetfulness to debtors;
Time and again from wretched men
It struck oppression's galling fetters.
"Beranger's "Broken Fiddle"" by Eugene Field
"'Tis I (said one), 'bove all my race,
Am debtor chief to glorious grace."
"Nay (said another), hark, I trow,
I'm more oblig'd to grace than you."
"The Believer's Principles : Chap. V." by Ralph Erskine

In news:

Where a creditor took steps to perfect its security interest in a debtor's Cadillac, the Chapter 7 trustee's motion for sanctions must be denied because the creditor did not violate the automatic stay.
A new inventory of California's biggest tax debtors revealed two familiar names in the top ten.
Where a US Bankruptcy Court judge found that a debt owed to a creditor for masonry services was dischargeable, the ruling should be upheld for lack of evidence of fraud on the debtor's part.
Where a US Bankruptcy Court judge discharged a debtor's student loan obligations, the loan obligations would impose an undue hardship and thus the discharge order was not erroneous.
Before Digital Domain debtors are allowed to auction important patents relating to a 3D conversion process, Disney demands assurance that it will continue to have license on 3D movies.
The firm said it has been working closely with its debtors but administrators were expected to take over at the helm yesterday.
A Chapter 13 debtor could not exclude a Railroad Retirement Act annuity when calculating his "projected disposable income," the 9th Circuit has ruled in reversing judgment.
Where a Chapter 7 debtor has claimed an exemption in an annuity held for her benefit, the claimed exemption is valid under G.L.c 235, §34A.
Student loans discharged because debtor has Asperger 's.
Greece to target tax debtors with foreign assets .
From the Lord's Prayer in the Bible comes the phrase, "forgive us our debts as we forgive our debtors".
She was working Aurora Avenue, at the corner of 82nd Street, next to a used-car lot filled with cheap rides for unreliable debtors.
Broke Spaniards wait for eviction relief, but foreclosure can turn them into lifelong debtors.
Where a US Bankruptcy Court judge ruled that a defendant debtor's state court judgment debt to the plaintiffs is exempt from discharge under 11 U.S.C.
Collectors are starting to use electronic communications to locate debtors or past-due customers.
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In science:

Among all of the academic specialties customarily identified as social sciences, political science is perhaps the greatest “debtor” discipline, in the sense that so many of the theories and methods and models put to the task of understanding politics are borrowed from scholars working in other fields.
Some Quantum-Like Features of Mass Politics in Two-Party Systems
There is an old dictum, “Every man is a debtor to his profession.” Such a debt is the most obvious in mathematics where every past discovery provides a perpetual free lunch for future generations, until the end of time or civilization − whichever comes first.
And free lunch for all...
We can also look at CSA as an hedging mechanism, where the collateral amount hedges the creditor against the event of default of the debtor. The most diffused CSA provides a daily margination mechanism and an overnight collateral rate (ISDA (2010)).
Interest Rates After The Credit Crunch: Multiple-Curve Vanilla Derivatives and SABR
It was therefore proclaimed that at regular intervals debts should be remitted, allowing debtors to proceed their lives without the burden of previous debts (see the Old Testament, Book of Deuteronomy 15:1–2).
Interest prohibition and financial product innovation
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