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obligation |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.02 sec. |
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obligation 1. Law a legally enforceable agreement to perform some act, esp to pay money, for the benefit of another party 2. Law a. a written contract containing a penalty b. an instrument acknowledging indebtedness to secure the repayment of money borrowed How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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For example, while a highly-rated "Class 1" debt instrument or preferred stock requires a 0. A third-party investor will normally insist on a bona-fide debt instrument, market interest rate and regular payments, thereby nullifying most of the points indicating disguised equity arrangements. The standard business rules built into Projected Financials dictate how and where to report such things as the gain or loss on the sale of an asset or the difference between the current portion and long-term portion of a debt instrument. |
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