Debtor/ˈdetər/ Definition 1 of 2Pro Tip 1/3Financial Stress Refers to an individual having financial obligations causing worry or difficulty. As a debtor, he constantly worried about paying his bills on time. Pro Tip 2/3Neutral Term Though factual, it can imply misfortune or struggle without moral judgment. Even successful businesses can be debtors at various points. Pro Tip 3/3Temporary Status Being a debtor may be a temporary situation, not a permanent characteristic. After receiving his bonus, he was no longer a debtor.