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pure debt

   Also found in: Legal 0.01 sec.
pure debt
An obligation to repay money,but without any sharing of profits or increases in value. Most mortgages are pure debt;the lender does not own any part of the property nor does the lender receive any profits from the property.


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If Singh is not convinced about buying pure debt instruments, he could choose balanced funds, such as HDFC Prudence, which offer a mix of equity and debt.
Correlation coefficients consistently show that straight noninvestment-grade bonds trade nearly as much like stocks as pure debt instruments.
Fitch, however, believes the rating of 'AA' for the Unocal and Pure debt is warranted due to the substantially stronger credit profile of Chevron and strategic importance of Unocal's assets to Chevron.
 
 
 
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