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A debtor is a person or entity having an obligation to another party.
The Debtor undertakes to pay a late charge of USD 25 for each day for which an instalment is unpaid.
Most commonly, a debtor is simply someone who owes money. In the legal sense, however, an obligor (i.e., a party contractually or legally obliged to perform an obligation) may also be called a debtor. If a debtor fails to fulfil the obligation, it can be in arrears or in default and therefore subject to a penalty.
Dlužník je osoba, která má závazek k jiné straně.
Dlužník se zavazuje uhradit poplatek za prodlení ve výši 25 dolarů za každý den, kdy je některá splátka nesplacená.
Nejčastěji je dlužník někdo, kdo dluží peníze. V právním jazyce má však slovo dlužník obecnější význam a označuje stranu, která má smluvní nebo zákonnou povinnost splnit závazek. Pokud dlužník neplní svou povinnost, může být v prodlení, a tedy může být trestán.
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English Editorial Services’ mission is to assist international businesses and organizations of all sizes to communicate clearly, correctly, and persuasively with their business partners and target audiences.
Simply subscribe to receive our Business Term of the Day at no charge to your inbox each business day, with explanation in English and Czech.
