debtor
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debtor
A person, company, or institution that owes money or a service to another party (the creditor).
Wenn der Schuldner die Rechnung nicht bezahlt, kann der Gläubiger rechtliche Schritte einleiten.
If the debtor does not pay the bill, the creditor can take legal action.
The word 'Schuldner' (debtor) is derived from 'die Schuld' (debt/guilt). A 'Schuldner' is a person who has 'Schulden' (debts) with someone else, meaning they owe money or a service.
Wer Schulden macht, wird zum Schuldner.
Anyone who gets into debt becomes a debtor.
'Schuldner' (debtor) is a term from legal and business language. In everyday speech, you would often simply say that someone owes someone money.
Das Unternehmen ist der größte Schuldner der Stadt.
The company is the city's largest debtor.
A very common phrase is 'in Verzug sein' (to be in default) or 'in Verzug geraten' (to fall into default). This means that the debtor has not made a due payment on time.
Da er die Miete nicht zahlte, ist der Schuldner nun in Verzug.
Because he did not pay the rent, the debtor is now in default.
creditor / believer
'Gläubiger' and 'Schuldner' both belong to a situation involving debts, but they refer to the two opposite sides. The 'Gläubiger' (creditor) has lent money or has a claim to a payment. The 'Schuldner' (debtor) must repay money or provide a service. The words can be confusing because they often appear together in contracts, bills, or payment reminders. Remember: the creditor gets something back; the debtor owes something.
Der Schuldner konnte die Rechnung nicht sofort bezahlen.
The debtor could not pay the bill immediately.
Nach dem Brief hat der Gläubiger dem Kunden noch zwei Wochen Zeit gegeben.
After the letter, the creditor gave the customer another two weeks.