debt


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Related to debt: Debt Financing, Debt relief

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 ?
Govt adds Rs3.9tr to public debt in 10 months of FY19
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According to the company, the findings provide insight as to whether residents are likely, or able, to pay off accrued credit card debt, while also offering a broader assessment of a county's financial stability.
Students graduating from Stevenson University carried the most debt. Close to 76 percent of Stevenson students graduated with debt, averaging $37,000.
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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.
Indicators of total debt--including the percentage of individuals arriving at retirement with debt, the median amount of debt, and the debt held by the top quartile and the top 10 percent--increased with each cohort.
According to the official register of government and government guaranteed debt, kept by the Ministry of Finance on the grounds of Article 38(1) of the Government Debt Law, at end-July 2017 government debt reaches EUR 11,978.3 million, or 24.1% of GDP.
According to official documents in June 2013, the overall debt and liabilities were at the level of Rs14.32tr under which domestic debt and liabilities stood at Rs9.52tr and external debt and liabilities were recorded at Rs4.8tr.
75% of overall debt sold to third-party debt collectors in 2012