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.
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Related Terms
ability to pay, allowance for doubtful accounts, attachment, average life, bad debt, balance, bankrupt, lien, borrow, cancellation of debt, capital, clean, cost of debt capital, credit, debenture, default, deferred payment, equity, finance, floating debt, funded debt, home equity debt, solvent, insolvent, interest, subordinated debt, senior, legal assets, long-term debt, short-term, monetizing debt, mortgage debt, National Debt, nonrecourse debt, on account, outstanding, overlapping debt, owe, paper, preferred debt, prepayment, prioritization of debt, private debt, repo, retire, satisfaction of debt, consumer debt, security, settle, subrogate
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