Debtee
Definition, Meaning & Examples
Pronunciation /dɛˈtiː/ · Part of speech noun
Quick meaning: Debtee is a noun meaning (law) One who is owed a debt; a creditor.
Meaning
(law) One who is owed a debt; a creditor.
Example Sentences
The debtee also relies on the debtor to be financially successful themselves to pay the instalments of the debt as necessary.
If a person indebted to another makes his creditor or debtee his executor , or if such a creditor obtains letters of administration to his debtor ; in these cases the law gives him a remedy for his debt by allowing him to retain so much as will pay himself
Word Forms
- debtees
Related Words
Related dictionary entries include debtor, debt, debtorship, debtholder, codebtor, indebtment.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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