Tooltip Categories: Economics & Finance

debt discharge

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

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debt limit

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)

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debt relief

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)

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debt restructuring

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

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debt security

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,

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debtor

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.

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declaration of assets

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

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debit record [DR]

Debit Record (DR) is an entry in a double-entry bookkeeping system recording an increase in an asset or an expense, or a decrease in liability,

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debit side

In the double-entry bookkeeping system, debit means left side of a ledger account. (source: http://en.wikipedia.org/wiki/Debits_and_credits)

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debt

An obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the

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