Debtors in Tamil
Definition:
The word “Debtors” refers to individuals or entities that owe money or have financial obligations to another party, often referred to as the “creditors”. In a business or financial context, debtors are individuals or companies that have outstanding debts or liabilities, such as unpaid invoices, loans, or other financial obligations.
In accounting, debtors are also known as accounts receivable, and are recorded as a current asset on a company’s balance sheet. Debtors are important for a business’s financial health, as they represent potential revenue that has not yet been collected.
In a broader sense, debtors can also refer to people who are deeply in debt, often struggling to pay back their debts and facing financial difficulties.
Examples of debtors might include:
* A business with outstanding invoices from customers
* An individual with credit card debt
* A company with a loan from a bank
* A government with outstanding national debt
Translation of ‘Debtors ‘ in Tamil:
கடனாளிகள்
Examples:
- Here are three unique example sentences using the word “Debtors”:
- 1. The collectors often have to deal with debtors who are unwilling to cooperate, making the process of recovering outstanding amounts a lengthy and challenging one.
- 2. The company has implemented a policy of offering flexible payment plans to debtors who are struggling to meet their financial obligations, in an effort to reduce defaults and improve customer relations.
Synonyms:
like debt forgiveness)
8. Debtors-in-possession (in bankruptcy proceedings)
9. Defaulters
10. Obligants (in law or finance)
Note that some of these synonyms may have slightly different connotations or be used in specific contexts, creditors are technically the debtors of banks or financial institutions, but they all generally refer to individuals or entities that owe money or have financial obligations., and vice versa.
2. Borrowers
3. Indebted
4. Obligors
5. Guarantors
6. Mortgagors (specifically for mortgages)
7. Creditors-in-kind (for non-monetary debt, Here are some synonyms for the word “Debtors”:
1. Creditors: While this may seem counterintuitive
Antonyms:
but they convey a sense of contrast to the concept of debtors, who have outstanding debts that they need to pay back., The antonyms for the word “Debtors” are:
1. Creditors
2. Credit-worthy individuals (who have a good credit history and are likely to pay their debts on time)
3. Savers (who keep their money and do not accumulate debt)
4. Asset-holders (who have possessions or assets that are valuable and do not have to rely on debt)
5. Net-worth positive individuals (who have more assets than liabilities and are not in debt)
Note that these antonyms are not exact opposites
Related Words: