Balance of Indebtedness

Balance of Indebtedness

A summary of all the assets and liabilities held by a sovereign entity. That is, a balance of indebtedness states all the assets a country owns (examples include national art, taxes not yet spent, and stock in nationalized corporations) and all liabilities (including accounts payable to government workers, unpaid entitlement spending, and especially the national debt). One may consider the balance of indebtedness as the balance sheet for a country. See also: Investment Position.
References in periodicals archive ?
Stratus used the proceeds from the Lantana sale to pay off the remaining balance of indebtedness owed under its pre-existing Comerica Bank-Texas credit facility.
000 of long term note was converted into equity, thus reducing the outstanding balance of indebtedness at 30th November 1999 of $ 2,554.
As a result of the defaults on Aluma Canada DRA, the defaults on the Aluma Enterprises DRA, and the defaults of the balance of the Company's indebtedness and guarantee obligations, lenders have rights to demand accelerated repayment of the restructured indebtedness and the balance of indebtedness and guarantee obligations.
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