A more thorough explanation:

Definition: Decoctor (di-kok-tər or -tor), n. [from Latin deciquere “to waste”] Roman law. A bankrupt; a defaulting debtor.

Example: The decoctor was unable to pay his debts and was forced to declare bankruptcy.

Explanation: In Roman law, a decoctor was a person who had wasted their assets and was unable to pay their debts. The example illustrates this definition by showing that the decoctor was unable to pay his debts and had to declare bankruptcy as a result.