Debt liability definition
Debt liability means the liability equivalent to the debt claim.
Debt liability means any form of monetary obligation other than an ownership interest. It includes bonds, debentures, notes, mortgages and loans of any kind, secured or unsecured. In answering the questions which follow, you may omit accounts payable for goods and services received unless the amount owed to a particular creditor exceeds 5% of the applicant's total debt liability.
Debt liability means any form of monetary obligation other than an ownership interest. It includes bonds, debentures, notes, mortgages and loans of any kind, secured or unsecured. In answering the questions that follow, you may omit ACCOUNTS PAYABLE for goods or services received in the course of business.
Examples of Debt liability in a sentence
A Customer account sixty (60) days past due shall be deemed to be Bad Debt and MIDCOM shall have the right to offset such amounts from Dealer's commissions or other moneys payable to Dealer, subject to the limitation that Dealer's maximum Bad Debt liability on any particular account shall not exceed the total amount of commissions paid by MIDCOM to Dealer for that account in the prior twelve (12) months.
More Definitions of Debt liability
Debt liability means bonds, debentures, notes, mortgages and loans of any kind, secured or unsecured, and other similar debt instruments.
Debt liability means total Margin Loan to the account including accrued interest at a specified time.
Debt liability means total Margin Loan to the account including accrued interest and charges at a specific time.
Debt liability means the total actual debt of an applicant business concern or any disclosed business concern including, but not limited to, bonds, debentures, notes, surety agreements, mortgages and loans of any kind, secured or unsecured, and other similar debt instruments.
Debt liability means, as of a relevant date, the amount, without duplication, of consolidated Debt of the Company and its Subsidiaries plus the dividend payable by the Company to CenTra, Inc., in each case, as of such date.