Debtor (noun)

1. A person or organization that owes money to another person or organization.
2. A person who is legally or morally bound to pay a debt.

Origin:

Late middle english: from old french debteur, from latin debitor, from debere "owe".

Examples:

1. The debtor had a large debt to pay.
2. The debtor was unable to pay the debt on time.
3. The debtor filed for bankruptcy.
4. The debtor was pursued by the creditor.
5. The debtor was released from the debt after paying it off.