!-- Google Tag Manager (noscript) -->

Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

debitor

Read a random definition: BFP

A quick definition of debitor:

A debitor is someone who owes something to someone else. This could be money, goods, or services. In Roman law, a debitor is someone who has a legal obligation to pay back a creditor. The plural form of debitor is debitores.

A more thorough explanation:

A debitor is a person who owes money or has a legal obligation to someone else. This term comes from Roman law.

For example, if you borrow money from a bank, you become a debitor to the bank. You have a legal obligation to pay back the money you borrowed, plus any interest or fees.

Another example is if you buy something on credit from a store. You become a debitor to the store, and you have a legal obligation to pay for the item you bought.

Overall, a debitor is someone who owes money or has a legal obligation to someone else. This can be for a variety of reasons, such as borrowing money, buying something on credit, or not paying a bill on time.

debiti et crediti contributio | debitorem locupletem esse

Warning

Info

General

General chat about the legal profession.
main_chatroom
๐Ÿ‘ Chat vibe: 0 ๐Ÿ‘Ž
Help us make LSD better!
Tell us what's important to you
LSD+ is ad-free, with DMs, discounts, case briefs & more.