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Debt
• The company stopped trading with debts of over £1 million. To be in debt = to owe money • He is in debt to the tune of £250 = he owes £250.To get into debt = to start to borrow more money than you can pay back • The company is out of debt = the company does not owe money any mute. To pay back a debt = to pay all the money owed To pay off a debt = to finish paying money owed To service a debt = to pay interest on a debt • The company is having problems in servicing its debts.Bad Debt = money owed which will never be paid back • The company has written off £30,000 in bad debts. Secured Debts = debts which are guaranteed by assets Unsecured Debts = debts which are not guaranteed by assets Debt Collection = collecting money which is owed Debt Collection Agency = company which collects debts for a commission Debt Collector = person who collects debts Debts Due = money owed which is due for repayment Funded Debt = part of the British National Debt which pays interest, but where there is no date for repayment of the principal The National Debt = money borrowed by a government Debtor : noun : person who owes money Debtor Side = debit side of an account Debtor Nation = country whose foreign debts are larger than money owed to it by other countries QUOTE : The United States is now a debtor nation for the first time since 1914 owing more to foreigners than it is owed itself. (Economist) Business Dictionary Index |
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