debt

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Related to Debts: Bad debts, national debts

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 ?
In contrast, by mechanically adjusting book income for the $2 million increase in the allowance for bad debts account, ABC could not claim any portion of the $800,000 deduction until a write-off entry is recorded for financial accounting purposes.
Therefore, communicate with your creditors to resolve old debts as soon as possible and always read the fine print.
Their homegrown despots may be deposed, but their debt lingers on, and now the people who were targets of oppression as debt accumulated-debt, in fact, that may have been assumed to buy the military hardware specifically deployed in their oppression--are being asked to pay up before further development aid will be released to them.
The primary implication of net-worth growth is that families are accumulating assets faster than liabilities, placing themselves in a stronger position to both take on and service debt through time.
In the 1980s, prices plunged for commodities sold by these countries, leaving them less money to repay their debts.
The impact of the federal Fair Debt Collections Practices Act (FDCPA) on non-payment eviction proceedings against residential tenants has long been controversial.
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The debt provisions must be customary in the geographic area for residential loans involving the same or a longer loan term.
After looking at income, expenses, and debts and helping the client formulate a monthly budget, a counselor may recommend a debt management plan," says Sue Hunt, certified counselor and counseling manager of CCCS of Atlanta.
It is not unusual for taxpayers to loan money to other family members or guarantee their debts.
announced a goal of eliminating the federal debt altogether by the year 2015.