account debtor


account debtor
Person who is obligated on an account, chattel paper or general intangible. U.C.C. No. 9-105(lXa)

Black's law dictionary. . 1990.

Look at other dictionaries:

  • account debtor — index debtor Burton s Legal Thesaurus. William C. Burton. 2006 account debtor …   Law dictionary

  • account debtor — An individual or business that is obligated to pay on an account, chattel paper, contract right, or general intangible. American Banker Glossary …   Financial and business terms

  • account debtor — Fin a person or organization responsible for paying for a product or service …   The ultimate business dictionary

  • debtor — debt·or n: a person who owes a debt see also bankrupt compare creditor, obligee, obligor ◇ The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.” …   Law dictionary

  • account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… …   Black's law dictionary

  • account stated — account stat·ed / stā təd/ n pl accounts stated: an account presented by a creditor to his or her debtor which by implied or express acceptance has been agreed upon by both parties as correct Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

  • account rendered — account ren·dered / ren dərd/ n pl accounts rendered: an account presented by a creditor to a debtor for examination and settlement Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. account rendered …   Law dictionary

  • account payable — account pay·able / pā ə bəl/ n pl accounts payable: the balance due to a creditor on a current account Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. account payable …   Law dictionary

  • account receivable — account re·ceiv·able / ri sē və bəl/ n pl accounts receivable: a balance due from a debtor on a current account Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. account receivable …   Law dictionary

  • Debtor-in-possession financing — or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company. It gives a …   Wikipedia


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