debt·or 
/ˈdɛtɚ/ noun
plural debt·ors /ˈdɛtɚ/ noun [count] : a person, organization, government, etc., that owes money
▪ The debtor agrees to pay the debt over a three-year period. — opposite creditor
▪ The debtor agrees to pay the debt over a three-year period. — opposite creditor
