debt

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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 periodicals archive ?
The Principal Sum outstanding on the Debenture will bear interest from October 1, 2014 until the Final Repayment Date.
The Company also announced that it has decided to exercise its right, in accordance with the terms of the Convertible Debentures, to require the conversion of the remaining principal sum of approximately $2.
The Company will agree to pay back the principal sum of the loan plus interest at 12% per annum.
VANCOUVER, British Columbia -- Pine Valley Mining Corporation (OTCBB: PVMCF)(TSX VENTURE: PVM)(the "Company" or "Pine Valley") today announced that it has agreed in principle to enter into a transaction with The Rockside Foundation, whereby the Company would borrow from The Rockside Foundation the aggregate principal sum of up to US$7,000,000, together with interest thereon at the rate of 10% per annum payable monthly, and would issue to The Rockside Foundation as bonus shares that number of the Company's Common Shares that is equivalent to 10% of the principal amount of the loan advanced by The Rockside Foundation, converted into Canadian dollars, and using as the share price the weighted average share price for the 10 trading days on the TSX Venture Exchange prior to funding.
CIGNA's Violent Crime Rider provides coverage of 25% of the AD&D principal sum to a maximum of $100,000, should a death occur due to injury incurred as a result of robbery, holdup of kidnapping regardless of the assault site.
Sipar"), holder of a convertible debenture (series B) into Class "A" shares of Garda granted on July 11, 2002, has decided to convert, according to the terms of the debenture, the entirety of the outstanding principal sum of $250,000 into 333,334 Class "A" shares of Garda.
Under the agreement, CDC would loan Koo Koo Roo a principal sum of $45 million in exchange for senior secured notes.
the "Company") (NASDAQ:NYNY) announced today that on June 20, 2003, the Company satisfied, in full, all outstanding principal and accrued interest due under that certain 16% Promissory Note, dated December 15, 2002 (and as amended to date), issued by the Company to Societe Generale for the principal sum of $1,600,000 (the "Note").
00 per share (the "Underlying Shares"); and (iii) a promissory note (the "Note") evidencing Zanart's obligation to repay to the investor the principal sum of $500,000 (the "Amount") upon the earlier to occur of February 8, 1999, or the receipt by Zanart of proceeds from a public offering of its securities.
c) The forgiveness by Solphen of the principal sum outstanding at
The first tranche has a principal sum of $35 million, a fixed interest rate of 4.
Upon the exercise of the Option, the Convertible Note will be cancelled and Forsythe will receive the following restructured consideration in full and complete satisfaction of all obligations owed to Forsythe by Ratexchange: (i) $500,000 in cash; (ii) 2,000,000 shares of Ratexchange common stock; and (iii) a new promissory note of principal sum equal to $1,000,000 bearing interest at 3.

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