What context can I use each word in?
Learn when and how to use these words with these examples!
debtor
Example
The company is a debtor to several creditors. [debtor: noun]
Example
John became a debtor when he took out a loan to buy a car. [debtor: noun]
Example
The debtor failed to make payments on time and incurred additional fees. [debtor: adjective]
defaulter
Example
The bank considers John a defaulter because he missed several loan payments. [defaulter: noun]
Example
The company was sued for being a defaulter on their loan. [defaulter: noun]
Example
The defaulter faced legal consequences for not repaying the borrowed money. [defaulter: adjective]
Good things to know
Which word is more common?
Debtor is a more common term than defaulter and is used in various contexts, including legal and financial. Defaulter is a more specific term that is primarily used in legal and financial contexts.
Whatโs the difference in the tone of formality between debtor and defaulter?
Debtor is a neutral term that can be used in both formal and informal contexts. Defaulter is a more formal term that is typically used in legal and financial contexts.
