debtor : Definition, Usages, News and More
- n a person who owes a creditor; someone who has the obligation of paying a debt
- Says the debtor: "It took time for the kids to understand that we couldn't charge things.
- Others followed suit, in ever more extravagant getups, all of them banking on the debtor's sense of shame to motivate repayment.
- However, federal law permits the debtor to keep certain assets for his own survival: up to a $7,500 equity in his house, for example, and up to a $1,200 interest in a car.
News & Articles
- Gwen Moore sounds alarm on student loan crisis
Rep. Gwen Moore (D-Wis.) called for the crafting of a long-term solution to student debt Monday, saying it is necessary to deal with “the student debtor crisis” before America as a whole faces dire economic consequences.
June 10, 2013 - Milwaukee Journal Sentinel
- Alan Bollard in New Zealand Herald
As an external debtor country, New Zealand could be vulnerable to any renewed deterioration in global debt markets,Bollard told a media conference in Wellington.
- Jeffrey E Garten in New York Times
The next round of capital that comes in from abroad is going to be much more demanding and move into real assets,argued Jeffrey Garten, professor of trade and finance at the Yale School of Management. "Being a bigger debtor nation means...
- Jim Rogers in ifaonline.co.uk
It is the biggest debtor the world has ever seen,Rogers says. "But what really worries me is that some states, counties and cities have been or are on the verge of going bankrupt. California is much larger than Greece and we've seen the...