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 ?
The journalist reflected on countries like Djibouti saying that the debt to GDP ratio it owes China stands at 77 percent raising fears that China will take over one of Djibouti's ports.
'Proactive debt management has afforded the Philippines an expanded fiscal space as the level of debt has declined significantly from 87.2 percent of GDP [gross domestic product] in 2006 to 41.8 percent in 2018 [posting] a 45.4-percentage-point decline,' the DOF said.
Debt Settlement -- Debt settlement companies, also sometimes called "debt relief" or "debt resolution" companies, negotiate with a person's creditors in order to reach an agreed upon settlement for the outstanding debt that is much less that the original amount owed.
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.
Most people think garnishing wages happens only to those with tax debt. They're wrong.
In a prelude to the summit, G8 finance ministers announced on June 11 a plan to cancel debts owed by some low-income countries to global financial institutions such as the World Bank and the International Monetary Fund (IMF).
But if the market continues to behave as if Italy will be bailed out, then a paradox arises: the higher Italy's debt ratio gets and the nearer Italy's situation comes to despair without a bailout, then the greater becomes the incentive for other countries to increase their debt ratios, since if there is an EU takeover of national debts (and that, to repeat, has always been an objective monetary union, so clearly stated by Delors), then countries with below-average debt ratios will lose out to those with above-average debt ratios.
Osaka-based Tomen has already been granted debt forgiveness by its main financial institutions.
The impact of the federal Fair Debt Collections Practices Act (FDCPA) on non-payment eviction proceedings against residential tenants has long been controversial.
Briarpark argued that the sale was separate from the debt cancellation because it involved a separate purchaser and took place before the cancellation.