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Debtor vs Nexum - What's the difference?

debtor | nexum |

As nouns the difference between debtor and nexum

is that debtor is (economics) a person or firm that owes money; one in debt; one who owes a debt while nexum is a contract in early ancient rome in which the debtor pledged his own person as collateral should he default on his loan (thus risking becoming a slave to the creditor).

debtor

English

Alternative forms

* debtour (obsolete)

Noun

(en noun)
  • (economics) A person or firm that owes money; one in debt; one who owes a debt
  • (legal) One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.

    • Antonyms

    * creditor

    nexum

    English

    Noun

    (-) (wikipedia nexum)
  • A contract in early Ancient Rome in which the debtor pledged his own person as collateral should he default on his loan (thus risking becoming a slave to the creditor).
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