English Explanatory Dictionary

debt obligation

English dictionary entry

Meanings

noun
  1. A duty by which a party to an agreement is legally bound to pay the maturity of a debt at a time and in a manner as is stipulated within a given contract or promissory note.

Pronunciation

/dɛt ɑb.ləˈɡeɪ.ʃən/

Word forms

debt obligation debt obligations

Etymology

From debt + obligation.

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