A debtor is an individual or entity that owes money or is in debt to another party, typically resulting from borrowing funds or purchasing goods or services on credit. They are obligated to repay the borrowed amount or fulfill their financial obligations according to the terms agreed upon with the creditor. Failure to repay debts may lead to legal consequences, such as collection efforts or damage to creditworthiness.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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