19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
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Simple English definitions for legal terms
debitor
Read a random definition: securities exchange
A quick definition of debitor:
A debitor is someone who owes something to someone else. This could be money, goods, or services. In Roman law, a debitor is someone who has a legal obligation to pay back a creditor. The plural form of debitor is debitores.
A more thorough explanation:
A debitor is a person who owes money or has a legal obligation to someone else. This term comes from Roman law.
For example, if you borrow money from a bank, you become a debitor to the bank. You have a legal obligation to pay back the money you borrowed, plus any interest or fees.
Another example is if you buy something on credit from a store. You become a debitor to the store, and you have a legal obligation to pay for the item you bought.
Overall, a debitor is someone who owes money or has a legal obligation to someone else. This can be for a variety of reasons, such as borrowing money, buying something on credit, or not paying a bill on time.