The word 'debtor' is correct and usable in written English
You can use it to refer to a person or company that owes money to another. For example: "The debtor will face legal repercussions if they fail to pay their debt by the assigned date."
Myners names no names but is all too easy to believe there really are directors who are confused by the difference between a creditor and debtor.
Alistair Darling, who joined forces with the prime minister's Scotland adviser Andrew Dunlop to persuade the chancellor to rule out a currency union, warned that Sturgeon's plan would see an independent Scotland start life as a debtor nation.
Second, for each heedless debtor, there will have been a predatory lender.
Unoka was, of course, a debtor, and he owed every neighbour some money, from a few cowries to quite substantial amounts.
Those flows enabled debtor countries such as America, Spain and Greece to finance housing booms and government deficits without paying punitive interest rates.
He had asked if it might be kinder to free Greece and other debtor nations from the euro-zone "prison".
Ratings are irrelevant when a debtor can create the money to pay its own debts.It is also true that people have lost confidence in the ratings agencies.
Today, America is the world's biggest debtor, with China as an important creditor.
The late Hyman Minsky, an economist, argued that this relationship would naturally lead to bubbles, as easier credit standards pushed up property prices and higher prices encouraged banks to offer easier credit terms.But when property prices fall, both the debtor and the creditor can suffer; the debtor loses his equity while the creditor has to write down the value of the loan.
India is not a debtor nation: its foreign assets—including more than $300 billion of foreign-exchange reserves outweigh its foreign debts.
