It is merely an alternative form of repayment by the debtor for the debt he contracted.
⇑ Translate the sentence above by Google ⇑
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: Where the debtor is unable to repay debts that are due, the creditors may file to declare the debtor bankrupt.
