debt meaning with example
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Debt Debt is money owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower may be a sovereign state or country, local government, company, or an individual. The lender may be a bank, credit card company, payday loan provider, or an individual. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.
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debt Examples of debt in a sentence. 1  He is trying to pay off gambling debts. 2  The company has run up huge debts. 3  Their debts are piling up.  He's been working three jobs in an attempt to get out of 1  debt. The company was in debt but is now turning a profit.  I am deep in 1  debt. I'm thousands of dollars in 2  debt. She went into debt to pay for college.
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- A paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with terms of a contract. Types of debt instruments include notes, bonds, certificates, mortgages, leases or other agreements between a lender and a borrower.
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- An unsecured debt is an obligation or debt that does not have specific property (like your house or car) serving as collateral for payment of the debt. If you fail to make payment on an unsecured debt, the creditor cannot take any of your property without first suing you and getting a court judgment. (There are a few exceptions to this rule.). A secured debt, on the other hand, has a piece of property serving as collateral for the debt.
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What is a 'Debt Issue' Debt Issue. What is a 'Debt Issue'. A debt issue is a fixed corporate or government obligation, such as a bond or debenture. A debt issue is a financial obligation that allows the issuer to raise funds by promising to repay the lender at a certain point in the future and in accordance with the terms of the contract.
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liability Definition. An obligation that legally binds an individual or company to settle a debt. When one is liable for a debt, they are responsible for paying the debt or settling a wrongful act they may have committed.n the case of a company, a liability is recorded on the balance sheet and can include accounts payable, taxes, wages, accrued expenses, and deferred revenues.
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obligation Related Terms. 1  1. General: Bond of moral duty (whether of necessity or of one's own choosing) that ties two or more parties together. 2  2. Accounting: Duty to make future payment that is incurred as soon as a purchase order is placed, encumbers a certain sum of money, and is called obligation incurred. 3. Legal: Liability or duty to do something or refrain from doing something under the terms of a contract, such as the obligation of a borrower (the obligor) to pay back the lender (the obligee) under the terms of the loan agreement. Obligations usually involve a penalty for non-fulfillment.
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What is 'Debt' DEFINITION of 'Debt'. An amount of money borrowed by one party from another. Many corporations/individuals use debt as a method for making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest. Next Up.
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What is a 'Debt Issue' What is a 'Debt Issue'. A debt issue is a fixed corporate or government obligation, such as a bond or debenture. A debt issue is a financial obligation that allows the issuer to raise funds by promising to repay the lender at a certain point in the future and in accordance with the terms of the contract.
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liability Definition. An obligation that legally binds an individual or company to settle a debt. When one is liable for a debt, they are responsible for paying the debt or settling a wrongful act they may have committed.
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How Does Debt Impact Your Credit? An “R” prefaces the numeric Current Status rating. The “R” stands for revolving. Open Debt – Open debt is the least common type of debt to be found on your credit report. “Open” means that each month you run up a balance and pay it in full when you get your bill. Your cell phone is a good example of open debt. The American Express Green Card is another example of open debt.
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obligation obligation - the state of being obligated to do or pay something; he is under an obligation to finish the job state - the way something is with respect to its main attributes; the current state of knowledge; his state of health; in a weak financial state
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What is the difference between a debt and a liability? Answer A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- tha … t is a debt; something owed in the future.
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debtor An individual or company that owes debt to another individual or company (the creditor), as a result of borrowing or issuing bonds. also called obligor. “ I was the debtor and that meant that it was me that owed money to others and not the other way around sadly.
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White Debt Reckoning with what is owed — and what. can never be repaid — for racial privilege. The word for debt in German also means guilt. A friend who used to live in Munich mentioned this to me recently. I took note because I’m newly in debt, quite a lot of it, from buying a house.
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national debt Definition of national debt. : the total amount of money that the government of a country owes to companies, countries, etc.
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- obligation noun. B2 [C or U] the ​fact that you are ​obliged to do something: [+ to infinitive] If you have not ​signed a ​contract, you are under no obligation to (= it is not ​necessary to) ​pay them any ​money. You have a ​legal obligation to (= the ​law says you must) ​ensure ​your ​child ​receives an ​education.
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- debt service meaning, definition, what is debt service: the act of regularly paying back a debt, including interest: . Learn more.
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debt Definition. A duty or obligation to pay money, deliver goods, or render service under an express or implied agreement. One who owes, is a debtor or debitor; one to whom it is owed, is a debtee, creditor, or lender. Use of debt in an organization's financial structure creates financial leverage that can multiply yield on investment provided returns generated by debt exceed its cost.
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Definition of Debt vs Deficit What is the difference between a debt and a deficit? Many people confuse debts with deficits, and vice versa. Each year, a government (let's say the US Federal government for this example) takes in and spends money. The government takes in revenues, or receipts, through income taxes, social insurance taxes, etc.
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Albert Einsteinâs Brain May Provide Clues To His Genius, Study Says Albert Galaburda, a neuroscientist at Harvard Medical School in Boston, told Science magazine that what's great about this paper is that it puts down…the entire anatomy of Einstein's brain in great detail. But, he added, the study raises very important questions for which we don't have an answer.
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social social debt definition, social debt meaning | English dictionary. social. 4 relating to or having the purpose of promoting companionship, communal activities, etc. 9 an informal gathering, esp. of an organized group, to promote companionship, communal activity, etc.
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What is 'Debt' Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest. Debt in the News.
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What is the difference between debt and liability? As nouns the difference between debt and liability is that debt is an action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another while liability is the condition of being liable.
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San Juan Bautista State Historic Park State Park Interpreter Led Programs for Schools Interpreter led progams cost $75.00 each. San Juan Bautista State Historic Park is proud to offer fourth grade curriculum based educational programs to enrich your class field trip. Programs are offered four times each day, Tuesday through Friday, with two programs conducted at 10:30 am and two at 12 noon.
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What is 'Bad Debt' Bad Debt. Loading the player... What is 'Bad Debt'. Bad debt is debt that is not collectible and therefore worthless to the creditor. Bad debt is usually a product of the debtor going into bankruptcy but may also occur when the creditor's cost of pursuing the debt collection activities is more than the amount of the debt.
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What is DEBT? liability. LIABILITY. Responsibility; the state of one who is bound in law and justice to do something which may be enforced by action. This liability may arise from contracts either express or implied, or in consequence of torts committed.2.IABILITY. Responsibility; the state of one who is bound in law and justice to do something which may be enforced by action. This liability may arise from contracts either express or implied, or in consequence of torts committed. 2.