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Debt

Money borrowed.

Debt

Any money owed to an individual, company, or other organization. One acquires debt when one borrows money. Generally speaking, one acquires debt for a specific purpose, such as funding a college education or purchasing a house. In business and government, debt is often issued in the form of bonds, which are tradeable securities entitling the bearer to repayment at the appropriate time(s). Occasionally, especially for personal loans, debt is issued without interest or other compensation; one simply pays back what was lent. This is exceedingly rare in business and a debtor almost always compensates a creditor with a certain amount of interest, representing the time value of money. However, some areas of finance, especially Islamic banking, do not allow debt with interest.

debt

See liability.

Debt.

A debt is an obligation to repay an amount you owe. Debt securities, such as bonds or commercial paper, are forms of debt that bind the issuer, such as a corporation, bank, or government, to repay the security holder. Debts are also known as liabilities.

debt

an amount of money owed by one person, company, etc. to another. Debts result from borrowing money to purchase a product, service or financial asset (e.g. INSTALMENT CREDIT). Debt contracts provide for the eventual repayment of the sum borrowed and include INTEREST charges for the duration of the LOAN. See DEBTORS. BORROWER.

debt

an amount of money owed by a person, firm or government (the borrower) to a lender. Debts arise when individuals, etc., spend more than their current income or when they deliberately plan to borrow money to purchase specific goods, services or ASSETS (houses, financial securities, etc.). Debt contracts provide for the eventual repayment of the sum borrowed and include INTEREST charges for the duration of the loan. An individual's debt can include MORTGAGES, INSTALMENT CREDIT, BANK LOANS and OVERDRAFTS; a firm's debt can include fixed-interest DEBENTURES, LOANS, BILLS OF EXCHANGE and bank loans and overdrafts; a government's ebt can take the form of long-term BONDS and short-term TREASURY BILLS (see NATIONAL DEBT). See PUBLIC SECTOR BORROWING REQUIREMENT.

See also INTERNATIONAL DEBT.

debt

An obligation to pay another.

References in classic literature ?
For its introduction into common use for purposes of aerostation, we are indebted to Mr.
They stood indolent, lounging, and inert, as usual when no immediate demand was made on their dormant energies, clustered in front of some four or five habitations of skin, for which they were indebted to the hospitality of their Teton allies.
According to the size of its public debt, Macedonia is a moderately indebted country.
Contract notice: Fact-finding mission for the development of indebted file.
On average, indebted 18 to 24-year-olds owe PS3,052 - the lowest of any age group - while the highest average debt among those with debts was the PS6,749 owed by 45-54-year-olds.
PAUL DUMMETT has revealed he is indebted to vealed he is indebted to Newcastle United skipper Fabricio Coloccini for helping him learn his trade in the Premier League.
Erol Rizaov reminds for Utrinski vesnik that Macedonia has registered another great success and from a low indebted country we are now moderately indebted.
I will forever be indebted to her for blessing me with our children.
Jaitley said that country is deeply indebted to the officers and the jawans of the armed forces for having made huge sacrifices to defend its honour.
Global Banking News-May 19, 2014--Central bank says Sri Lanka less indebted
A further 11 per cent were not concerned about being in debt, the report, titled Indebted Lives, found.
30--The release of 333 indebted individuals from prison remains on hold until the Finance Ministry and Yemen Central Bank deliver agreed-upon payments to the Rehabilitation and Reform Authority (RRA), said Mohammed Ali Al-Zalb, head of the RRA.