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 ?
Second, the total payment for all losses due to any one accident may not be more than the principal sum. 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.
The amendments also provide that the Company will repay all interest accrued to July 31, 2019 (totaling $628,767 ) by December 31, 2019 , and that commencing on September 1, 2019 the Company will make monthly interest-only payments on the principal sum then outstanding plus the outstanding accrued interest balance.
The judgment awarded plaintiff the principal sum of $1,751.43.
Just repaying the interest can bankrupt us, what more repaying the principal sum. Talking about the wrongs of the previous government will take days.
When the principal sum donated was to be transferred to the Ministry of Police Affairs from the accounts, the interests earned were not transferred with it, and that formed the crux of the allegations against the accused.
Compound interest is the addition of interest to the principal sum of a deposit or investment in other words, interest on interest.
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."
One key issue is that OWB conducted business as full traders and invoiced for the principal sum plus their profit element.
Of 6.901 billion som for external debt servicing, interests will account for 2.834 billion som (41.07%), principal sum - 4.067 billion som (58.93%).
and the principal sum is to be repaid in the duration of 15 years after the execution period for five years.
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.

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