debt obligation

English

Etymology

From debt + obligation.

Pronunciation
  • (US) IPA(key): /dɛt ɑb.ləˈɡeɪ.ʃən/
  • Rhymes: -eɪʃən

Noun

debt obligation (countable and uncountable, plural debt obligations)

  1. (law) A duty by which a party to an agreement is legally bound to pay the maturity of a debt at a time and in a manner as is stipulated within a given contract or promissory note.
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.