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Debt vs. Debtee — What's the Difference?

Debt vs. Debtee — What's the Difference?

Difference Between Debt and Debtee

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Debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Debtee

(legal) One who is owed a debt; a creditor.

Debt

Something owed, such as money, goods, or services
Used the proceeds to pay off her debts.
A debt of gratitude.

Debtee

One to whom a debt is due; creditor; - correlative to debtor.

Debt

An obligation or liability to pay or render something to someone else
Students burdened with debt.
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Debt

The condition of owing
A young family always in debt.

Debt

Financial instruments, such as bonds, mortgages, and loans, that represent a claim to payment and rights of creditorship
Invested in government debt.
A company issuing debt.

Debt

A moral or legal obligation to make reparations or undergo punishment for committing an offense
A criminal repaying his debt to society.

Debt

An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.

Debt

The state or condition of owing something to another.
I am in your debt.

Debt

(finance) Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.

Debt

(legal) An action at law to recover a certain specified sum of money alleged to be due

Debt

That which is due from one person to another, whether money, goods, or services; that which one person is bound to pay to another, or to perform for his benefit; thing owed; obligation; liability.
Your son, my lord, has paid a soldier's debt.
When you run in debt, you give to another power over your liberty.

Debt

A duty neglected or violated; a fault; a sin; a trespass.

Debt

An action at law to recover a certain specified sum of money alleged to be due.

Debt

The state of owing something (especially money);
He is badly in debt

Debt

Money or goods or services owed by one person to another

Debt

An obligation to pay or do something

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