👉 A decessor is a type of debt that is discharged by the borrower, typically due to a change in circumstances such as bankruptcy or divorce. The term "decessor" comes from the Latin word "décus," which means "to discontinue." In legal terms, a decessor can be defined as an event where the amount owed is reduced or forgiven by the creditor. For example, if a borrower has outstanding debts and the lender decides to allow a portion of the debt