debt obligation

EnglishEdit

 
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EtymologyEdit

From debt + obligation

PronunciationEdit

  • (US) IPA(key): /dɛt ɑb.ləˈɡeɪ.ʃən/

NounEdit

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.