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.
borrower
Both words refer to someone who has to pay money back. Der Kreditnehmer specifically applies when the person received the money as a loan from a bank or another lender. Der Schuldner is more general and also applies to other monetary or service-related debts.
Der Schuldner muss die offene Rechnung bis Ende des Monats bezahlen.
The debtor must pay the outstanding bill by the end of the month.
Der Kreditnehmer muss das geliehene Geld in monatlichen Raten zurückzahlen.
The borrower must repay the borrowed money in monthly installments.
