- debt of another
- See promise to pay the debt of another.
Ballentine's law dictionary. Anderson, W.S.. 1998.
debt of another
Look at other dictionaries:
collateral promise to answer for the debt of another — An undertaking which renders the promisor a guarantor or surety upon a debt owing by a third person who is primarily liable; a promise to pay the debt of another person made under such circumstances that, as between the debtor and the promisor,… … Ballentine's law dictionary
debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… … Law dictionary
promise to pay the debt of another — See promise to answer for the debt, default, or miscarriage of another … Ballentine's law dictionary
Debt — • That which is owed or due to another; in general, anything which one person is under an obligation to pay or render to another Catholic Encyclopedia. Kevin Knight. 2006. Debt Debt … Catholic encyclopedia
Debt deflation — is a theory of economic cycles, which holds that recessions and depressions are due to the overall level of debt shrinking (deflating): the credit cycle is the cause of the economic cycle. The theory was developed by Irving Fisher following the… … Wikipedia
Debt settlement — Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.[1] Debt settlement is… … Wikipedia
Debt — Debt, n. [OE. dette, F. dette, LL. debita, fr. L. debitus owed, p. p. of debere to owe, prop., to have on loan; de + habere to have. See {Habit}, and cf. {Debit}, {Due}.] 1. That which is due from one person to another, whether money, goods, or… … The Collaborative International Dictionary of English
Debt of nature — Debt Debt, n. [OE. dette, F. dette, LL. debita, fr. L. debitus owed, p. p. of debere to owe, prop., to have on loan; de + habere to have. See {Habit}, and cf. {Debit}, {Due}.] 1. That which is due from one person to another, whether money, goods … The Collaborative International Dictionary of English
Debt evasion — is the intentional act of trying to avoid attempts by creditors to collect or pursue one s debt. At an elementary level, this includes the refusal to answer one s phone by screening one s calls or by ignoring mailed notices informing the debtor… … Wikipedia
debt rescheduling — ˈdebt reˌscheduling also ˈdebt reˌstructuring noun [uncountable] FINANCE when a company or government arranges to pay its debts later, or in another form, than originally planned: • The debt relief advocated by the G8 has so far taken the form of … Financial and business terms
