A person or entity that owes money to another party (the creditor). In corporate finance, this refers to companies that have borrowed money through loans, bonds, or other debt instruments and are obligated to repay.
From Old French detour, from Latin debitor, from debere meaning 'to owe'. The root 'de-' means 'away from' and 'habere' means 'to have', literally meaning 'to have away from' or be without something owed to another.
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