Debtor vs Redeemable - What's the difference?
debtor | redeemable |
(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.
Capable of being redeemed; able to be restored or recovered.
(finance) Capable of being paid off; subject to a right on the part of the debtor to discharge or of an issuer to repurchase; as, a redeemable' annuity or ' redeemable preferred stock.
Susceptible to correction or reform.
