acknowledgement of debt

acknowledgement of debt
acknowledgement of debt acˌknowledgement of ˈdebt noun acknowledgements of debt PLURALFORM [countable] FINANCE LAW
an official written statement in which someone agrees that they have a debt and will pay it back

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acknowledgement of debt UK US (plural acknowledgements of debt) (also acknowledgment of debt) noun [C] (ABBREVIATION AOD) LAW
an official document in which someone states that they owe a particular amount of money to someone: »

When signing an acknowledgement of debt for consumed gas, the customer will be charged late payment interest until the last payment is made.

Financial and business terms. 2012.

Look at other dictionaries:

  • debt — that which is owed. If you borrow money, buy something on credit or receive more money on an account than is owed, you have a debt. Glossary of Business Terms Funds owed by a debtor to a creditor. Outstanding debt obligations are assets for… …   Financial and business terms

  • Debt — Money borrowed. The New York Times Financial Glossary * * * debt debt [det] noun 1. [countable] money that one person, organization, country etc owes to another: • The country will not receive further funds after it failed to repay debts of $16… …   Financial and business terms

  • acknowledgement — /əkˈnɒlədʒmənt/ (say uhk noluhjmuhnt) noun 1. the act of acknowledging or admitting. 2. a recognition of the existence or truth of anything: the acknowledgement of our ignorance. 3. the recognition of the authority or validity of someone or… …   Australian English dictionary

  • Judgment debt — Judgment Judg ment, n. [OE. jugement, F. jugement, LL. judicamentum, fr. L. judicare. See {Judge}, v. i.] [1913 Webster] 1. The act of judging; the operation of the mind, involving comparison and discrimination, by which a knowledge of the values …   The Collaborative International Dictionary of English

  • acknowledgment of debt — recognition of financial liability, acknowledgement of financial obligation …   English contemporary dictionary

  • AOD — UK US noun LAW ► ABBREVIATION for ACKNOWLEDGEMENT OF DEBT(Cf. ↑acknowledgement of debt) …   Financial and business terms

  • credit — I (New American Roget s College Thesaurus) I n. faith, belief; credibility, trust; credit, borrowing power. v. t. believe, trust; credit. See accounting. II Borrowing power Nouns 1. credit, trust, score, tally, account, tab; loan (see debt);… …   English dictionary for students

  • IOU — may refer to:* IOU (debt), an acknowledgement of debt * I.O.U. (song), by jazz funk band Freeez * Investor owned utility * A song on the indie rock album Old World Underground, Where Are You Now? See also * IOYOU …   Wikipedia

  • sequester — ▪ I. sequester se‧ques‧ter 1 [sɪˈkwestə ǁ ər] verb [transitive] formal 1. to make a group of people, such as a jury, stay away from other people: • The jurors were sequestered under guard for the remainder of the trial …   Financial and business terms

  • bill — I. /bɪl / (say bil) noun 1. an account of money owed for goods or services supplied. 2. a slip or ticket showing the amount owed for goods consumed or purchased, especially in a restaurant. 3. Government a form or draft of a proposed statute… …   Australian English dictionary

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