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Word: debtor
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Meaning:
Noun:
- economics A person or firm that owes money; one in debt; one who owes a debt
- legal: 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.
Source: Wiktionary
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