A debtor is an entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.
== Quotes ==
I hold every man a debtor to his profession.
Francis Bacon, Maxims of the Law, Preface; Reported in Hoyt's New Cyclopedia Of Practical Quotations (1922), p. 181.Creditors have better memories than debtors; and creditors are a superstitious sect, great observers of set days and times.
Benjamin Franklin, Poor Richard's Almanack (1758).Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.
Rutherford B. Hayes, Diary (July 13, 1879).Forgive us out debts, as we forgive our debtors.
New Testament, Matthew 6:12.Leve aes alienum debitorem facit, grave inimicum.
A trifling debt makes a man your debtor; a large one makes him an enemy.
Seneca the Younger, Epistulae Morales ad Lucilium (Moral Letters to Lucilius) (c. 65), Letter XIX: On worldliness and retirement, line 11.
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