- interest on indebtedness
- Compensation for the use or forbearance of money. Deputy v DuPont, 308 US 488, 84 L Ed 416, 60 S Ct 363. See interest.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Ballentine's law dictionary. Anderson, W.S.. 1998.
indebtedness — The aggregate of a person s debts. A single debt. The state of being obligated upon a debt or debts. For the purpose of deducting interest in computing net income for tax purposes:–an unconditional obligation. Gilman v Commissioner (CA8) 53 F2d… … Ballentine's law dictionary
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as interest may appear — A conventional interest in insurance policies intended to protect, not only the named insured, but a mortgagee, lienor, or other person to the extent of whatever interest such person may have in the insured property at the time of the loss. The… … Ballentine's law dictionary
certificate of indebtedness — a short term, negotiable, interest bearing note representing indebtedness. * * * … Universalium
Certificate of Indebtedness — A United States Treasury debt obligation which has a maturity of one year or less, similar to a Treasury bill. The certificate has a fixed coupon with a set rate of interest, in contrast to the Treasury bill which pays interest by being sold… … Financial and business terms
certificate of indebtedness — An instrument issued by a building and loan association for borrowed money. 13 Am J2d B & L Assoc § 10: an obligation issued by a receiver, trustee, or debtor in possession, for money borrowed for the purpose of continuing the operation of the… … Ballentine's law dictionary
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Loan — For other uses, see Loan (disambiguation). Finance Financial markets … Wikipedia