Define Debt Contract. means any indenture, debenture, deed of trust, mortgage, bond, loan, credit or sale-leaseback or similar agreement entered into by any Seller or its Affiliates creating indebtedness on the part of such Seller or its Affiliates for b
Define debt. debt synonyms, debt pronunciation, debt translation, English dictionary definition of debt. n. 1. Something owed, such as money, goods, or services: used the proceeds to pay off her debts; a debt of gratitude. 2. An obligation or liability t
4.-2. When the action is on a simple contract, the declaration must show the consideration of the contract, precisely as in assumpsit; and it should state either a legal liability or an express agreement, though not a promise to pay the debt. 2 T. R. 28, 30. When the action is ...
Year-End Bonus Definition, Who Gets It, When, and Why? 年终奖的定义、获发之人、获发时间及原因 Ruby Q: What Is a Year-End Bonus?什么是年终奖?The term year-end bonus refers to a form of compensation paid by employers to their employees in addition to their wages or salaries. Put simp...
Amended Definition The following definition in Section 1.1 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows: Deleted Definitions Subject to Section 2.01 hereof, the Indenture is hereby amended by deleting any definitions from the Indenture wi...
Definition of Debt (Credit Insurance) Debt (Credit Insurance) Money, goods or services that someone is obligated to pay someone else in accordance with an expressed or implied agreement. debt may or may not be secured. Related Terms: Best-interests-of-creditors test The requirement that a ...
The Court allowed Congress to renege on its contractual agreement to pay the debt in gold; this is when U.S. public debt became denominated in dollars. Effectively, this means that even if Section Four forbids Congress to declare a formal default, it could accomplish much the same thing by...
Clarifying the D2H creation and development process can be aided by the academic and grey literature now in existence.D2H refers to an agreement between debtor and creditor nations in which the creditor consents to give up some, or sometimes all, of the outstanding debt. The proceeds from these...
Example of Debt Cancellation Agreement DCAs can differ based on state and jurisdiction. For example, the Texas Office of Consumer Credit Commissioner (OCCC) specifies contract requirements for DCAs provided by auto agencies to consumers. Among the more interesting requirements is the fact that the b...
Any type of instrument primarily classified as debt can be considered adebt instrument. Generally, the instruments used are some form of term debt, credit, or other revolving debt—credit instruments that you can continually draw on—with repayment conditions defined in a contract. Credit cards,lin...