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 ?
SLIDE: A cancerous breast; TRAUMATIC; Marjory and David; BELOW: The; after-effects of the op; INSULT: Marjory's settlement offer; OFFEROF SETTLEMENT; I am instructed to offer your client, on purely economic terms and without admission of liability; , the sum of pounds 44,000 in full and final settlement of the principal sum, together with your reasonable pre-litigation expenses; SUMMARY; 30 000; Solatium; 12 380; Pension; 1 000 S8&9 100; Travel Expenses; 43 480; TOTAL; VICTORIA; STEWART
For instance, if an employee were to lose both hands and the sight of one eye, the total benefit would equal, but not exceed, the principal sum paid for the loss of just both hands, or equivalently, one hand and the sight of one eye.
AD&D limits include: $50,000 principal sum amount (per covered person) and accident insurance aggregate limit up to $250,000
Following an arbitration hearing on April 12, 2013, the arbitrator ruled in favor of Geico, finding that Global had not sustained its disclaimer of coverage, and issued an award to Geico in the principal sum of $25,000.
The statement added: "Following negotiations and indeed contemplation of High Court proceedings we are now satisfied that the matter has been largely resolved with a recent commitment in writing from the licensed operator to pay out on the ticket to our client the principal sum together with appropriate interest in due course when routine logistics are finalised.
The rate of interest is amount payable, usually expressed as a percentage of the principal sum borrowed, per period of time, usually per month, quarter, or year.
The validity of the first renegotiation, in 2006, which put the principal sum at pounds 15m and would not see any money repaid before 2016, was tested in the High Court in 2008 when a barrister for Langston tried to have the agreement struck out and demanded Cardiff City be ordered to repay the full amount plus pounds 7m interest immediately.
Nevertheless, the object will be to secure the principal sum as far as possible so little risk must be taken and particular attention to corporate balance sheets is necessary.
No payments, on either the principal sum or interest, are due until that date," said Ridsdale.
The lawyer wrote: "I trust this will ensure some realism is injected into any expectation your client may have in respect to the principal sum.
Richard Thomas Bergeron appealed, from so much of an order of the Supreme Court of New York as denied their motion to avoid the enforcement of a purported settlement in the principal sum of $3 million.
New executive chairman John Hartley said in the interim statement that Constantine Folkes had agreed to repay a principal sum, past interest and a contribution to professional costs totalling pounds 3,575,000 plus any tax penalties that the group may incur as a result of his activities.

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