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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 ?
She pointed out that the issue of indebted women is a serious problem and needs an immediate solution and work to cope with it as quickly as possible.
The central bank said that the nation is 'less indebted' on five out of six measures used by the United Nation's Economic and Social Commission for Asia and the Pacific to measure foreign indebtedness.
After the RRA receives these funds, it acts on behalf of indebted prisoners and compensates creditors.
The indebted property developer revealed it has offered paying 175 basis points in interest over the London Interbank Offered Rate (Libor).
Mr Goodall said: "Suffice to say, this hasn't been the easiest way for small, indebted European economies to raise money over the last year or so.
The first is the state of the public finances of the indebted economies, which range from the debilitating to the disastrous.
She suggested that bold steps are needed such as those taken by the US Federal Reserve and the European Central Bank to help "keep growth strong and steady." Eurozone countries on Friday boosted their emergency bailout funds for heavily indebted by USD 1.1 trillion.
To investigate how debt might affect health, researchers surveyed 949 people who were receiving counselling for debt and insolvency at centers in two German states and compared them to 8,318 people who participated in a 2003 telephone health survey and were considered to represent a slice of the general population that was not indebted. It was found that indebted individuals were younger, less educated, and less wealthy, and were also more likely to be depressed, overweight, or obese.
The new Greek coalition cabinet will have as top priority the approval of the European bailout package for the heavily indebted country.
The International Monetary Fund has classified Algeria as the least indebted among the 20 countries in the Middle East and North Africa.
NEW YORK, Rajab 26, 1432, Jun 28, 2011, SPA -- The euro rose against the dollar Tuesday ahead of key votes in Greece that will determine whether the indebted country receives the aid it needs in July to avoid a debt default, AP reported.
Bulgaria's insolvent steel mill Kremikovtzi will be sold to Sofia-based Eltrade Company, the sole bidder for the indebted plant that showed up at the fourth tender for the company on April 12.