Definition of "debtor" []

• One that owes something to another. (noun)
• One who is guilty of a trespass or sin; a sinner. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "And we have a very financially sound corporation backing us up and providing what we call debtor-in - possession financing."
• ""My hope is that it's not a liquidation," Sen. Chris Dodd, chairman of the Banking Committee, said this morning on the "Early Show" on CBS, "but what they call a debtor-in-possession, sort of Chapter 11 filing, which would allow for the reorganization of these companies.""
• ""My hope is that it's not a liquidation," Sen. Chris Dodd, chairman of the Banking Committee, said Friday morning on the "Early Show" on CBS, "but what they call a debtor-in-possession, sort of Chapter 11 filing, which would allow for the reorganization of these companies.""