Banking Term: Debtor

Find important banking term that is useful in upcoming banking exam.

Created On: May 18, 2015 14:40 IST

Banking Term: Debtor

  • Debtor is considered as entity that owes a debt to other entity.
  • If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower.
  • If the debt is in the form of securities, such as bonds, the debtor is referred to as an issuer.
  • The most oral and written agreements for the repayment of consumer debt - debts for personal, family or household purposes secured primarily by a person's residence - are enforceable.

Jagran Play
रोमांचक गेम्स खेलें और जीतें एक लाख रुपए तक कैश
ludo_expresssnakes_ladderLudo miniCricket smash
ludo_expresssnakes_ladderLudo miniCricket smash

Related Categories

Related Stories

Comment (0)

Post Comment

3 + 9 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.