DEBTOR

"Debtor", with reference to any given extension of credit, refers to any person to whom such extension of credit is made, or to any person who guarantees the repayment of that extension of credit, or in any manner undertakes to indemnify the creditor against loss resulting from the failure of any person to whom that extension of credit is made to repay the same.

Source:  General Statutes § 53-389 (a) (3) (applies to Extortionate Credit Transactions, §§ 53-390 -- 53-392).

Glossary