debtor Example Sentence:

In the third scenario, the creditor pretends that the debtor hasn't gone bankrupt, stretches the repayment, and foregoes interest.

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Related: debtor

Prev: Earlier this month, the government changed some of the rules about how mortgage defaulters' debt is calculated, and how much banks can deduct from debtors paychecks.

Next: It is merely an alternative form of repayment by the debtor for the debt he contracted.