debt obligation

English

Etymology

From debt + obligation.

Pronunciation

• (US) IPA^(key): /dɛt ɑb.ləˈɡeɪ.ʃən/
• Rhymes: -eɪʃən

Noun

debt obligation (countable and uncountable, plural debt obligations)

1. (law) 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.