debt


Definition
An amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an amount owed by a specific date, which is set forth in the repayment terms.


Related Terms

ability to pay -

allowance for doubtful accounts -

attachment -

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debt is ...

... part of the Bonds, Lending & Credit and Real Estate subjects.

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