I am very much indebted to the generosity of my hosts for their warm reception. I am also indebted to the referees of this journal for some suggestions. The prosecution witnesses testified that these goods were bought to help indebted soldiers pay off their debts.

What is indebtedness in a sentence?

1. an obligation to pay money to another party 2. a personal relation in which one is indebted for a service or favor. 1, Mortimer recounted his indebtedness to her in his autobiography. 2, The company has reduced its indebtedness to just $15 million.

How do you use indebtedness in a sentence?

Indebtedness sentence example

1. Table B shows the total indebtedness of the Ottoman Empire, exclusive of tribute loans. ...
2. In addition to the indebtedness of the national government, the individual states have also incurred funded debts of their own.

What is an example of indebtedness?

The definition of indebtedness is the state of owing something (usually money) to someone, or the total amount owed. An example of indebtedness is when you owe the bank $100 and your friend $200. ... State of owing money; being in debt.

What does indebtedness mean?

1 : the condition of being indebted. 2 : something (such as an amount of money) that is owed.

Y2/IB 22) Indebtedness, Development and Solutions to Indebtedness

25 related questions found

What is bank indebtedness?

Bank Indebtedness means any and all amounts payable under or in respect of the Credit Agreement and the other Credit Agreement Documents as amended, restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the Credit ...

What is included in indebtedness?

“Indebtedness” shall mean (without duplication), with respect to any Person, (a) any and all obligations or liabilities, contingent or otherwise, of such Person for borrowed money, (b) any and all obligations of such Person represented by promissory notes, bonds, debentures or the like, or on which interest charges are ...

What is indebtedness in court?

Indebtedness is the state of being in debt, or owing money to someone else. ... Someone can be in debt for bills that are due now, as well as bills that he knows will be due in the future.

What is indebtedness in sociology?

Indebtedness means an obligation to pay money to another party. In rural India the poor farmers and wage labours etc. when are unable to repay a loan and accumulate it, gives rise to the problem of rural indebtedness.

How do you use equipped in a sentence?

1) He equipped himself for a long journey. 2) The centre is well equipped for sailing. 3) Our laboratory is well equipped. 4) Their living room is equipped with all kinds of modern appliances.

Is indebtedness a legal term?

Indebtedness or indebtness is the state of being indebted. It can refer to something owed to another. It can be an obligation to pay money to another party or it can be gratitude or recognition to another for help or favors.

What is a letter of indebtedness?

Letter of Indebtedness means an acknowledgement made by the Issuer with respect to the indebtedness it has incurred in relation to the Bond Issuance, as stated in a deed dated 17-03-2008 (seventeenth of March, two thousand and eight) number 27 along with all amendments and/or supplement thereto and/or renewals thereof ...

What is meant by high indebtedness?

Meaning of indebtedness in English

the condition of owing money, or the amount of money owed: Household indebtedness is at a record level.

What is indebtedness business?

It is the extent of a firm's funding through fixed income securities such as bank loans, commercial papers and external commercial borrowings. Since the debt component in a firm's capital structure tends to improve the return on equity, it is also referred to as leverage or gearing.

What is an affidavit of indebtedness?

An affidavit of indebtedness is a legal document that sets forth your past-due mortgage amount. ... An "affidavit of indebtedness" is a document the bank—or the servicer on behalf of the bank—files as part of that process, which tells the court how much the homeowner owes the bank.

What is rural indebtedness?

Rural indebtedness refers to the situation of the rural people unable to repay the loan accumulated over a period. Existence of the rural indebtedness indicates the weak financial infrastructure of our country, in reaching the needy farmers, landless people and the agricultural labourers.

What is a mortgage indebtedness?

Mortgage contract indebtedness refers to the legal status of the money that an individual owes to a lender from a mortgage loan to buy a home or finance against home equity. ... Other types of contract indebtedness include bonds and leases, which, like mortgages, have contracts to serve as proof of the debt.

How do you overcome indebtedness?

How to Manage Debt of Any Size

1. Know How Much You Owe.
2. Pay Your Bills on Time Each Month.
3. Create a Monthly Bill Payment Calendar.
4. Make at Least the Minimum Payment.
5. Decide Which Debts to Pay Off First.
6. Pay Off Collections and Charge-Offs.
7. Build an Emergency Fund to Fall Back On.
8. Recognize the Signs That You Need Help.

What is indebtedness for borrowed money?

Indebtedness for Borrowed Money means any indebtedness (whether being principal, premium, interest or other amounts) for or in respect of any notes, bonds, debentures, debenture stock, loan stock or other securities or any borrowed money or any liability under or in respect of any acceptance or acceptance credit; and.

What is a balance sheet used for?

A balance sheet is a summary of all of your business assets (what the business owns) and liabilities (what the business owes). At any particular moment, it shows you how much money you would have left over if you sold all your assets and paid off all your debts (i.e. it also shows 'owner's equity').

What does contract and indebtedness mean?

Contract indebtedness occurs when a lender and borrower have a legally binding contract because of debt. In other words, the lender has a right to seek collection of the debt if the borrower should default, or stop making payments.

What type of account is bank indebtedness?

Current liabilities include bank indebtedness, accounts payable, income tax payable, and the current portion of the long-term debt. This is the cash you owe the bank that's payable right away. Usually this is an operating credit line of some kind.

Is bank indebtedness A current liabilities?

Companies use bank debt to pay for long-term assets such as land, buildings and equipment or to add more cash to their working capital to cover ongoing, short-term expenses (current liabilities).