Explore: Principal Debtor

performance is secured thereby is termed "the obligor", "the principal debtor", or simply "the principal". Sureties have been classified as follows: Those in

entitled to be subrogated to the rights of the creditor as against the principal debtor. Trust creditors. A creditor of a trustee may be entitled to be subrogated

bank then sued the company as principal debtor, and its guarantor (a company called UniChem). Both the principal debtor and the guarantor defended the

jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have

variance would not lead to an increase in the value of equity if the bank's debtor is solvent. The major problem in measuring employee performance in cases

from someone else." The related term "debtor" was first used in English also in the early 13th century. Principal is the amount of money originally invested

chattels of the debtor are sufficient to repay the debt; nor shall the sureties of the debtor be distrained so long as the principal debtor is able to satisfy

pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt

was available for a creditor against a surety on the default of the principal debtor. Glanvill speaks of debt and its writ as being a retrieval of "debt

without his consent. The principal debtor and the co-person are jointly and severally liable toward the creditor. The debtor may be substituted by third