Economics & Finance | Françoise Clementi

debt discharge

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The cancellation or forgiveness of a debt. (source: http://www.investopedia.com/terms/d/debt-discharge.asp#axzz24SuB3Ll6)

debt limit

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The amount of debt that can be carried at any given time or the maximum borrowing power of a government. (source: http://www.investorwords.com/19353/debt_ceiling.html#ixzz2Pxh9PyTW)

debt relief

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The partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. (source: http://en.wikipedia.org/wiki/Debt_relief)

debt restructuring

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A process that allows a private or public company – or a sovereign entity – facing cash flow problems and financial distress, to reduce and

debt security

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A debt security is a type of security that represents money that is borrowed that must be repaid, with terms that define the amount borrowed,

debtor

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An entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person.

declaration of assets

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Statement that the credit applicants should provide to the financial institution to get a loan: income, personal and real property, financial investment, and debts.

debit balance

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Whether a debit or a credit increases or decreases an account balance depends on the type of account. Asset and expense accounts are increased on

debit card

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A plastic payment card that provides the cardholder electronic access to his or her bank account(s) at a financial institution. Some cards have a stored