Onerous Debt definition
Onerous Debt means the sum of loans and financings, debentures, promissory notes (commercial paper), derivative instruments and securities issued internationally (bonds, eurobonds), recorded in current liabilities and long-term liabilities on the Issuer’s consolidated balance sheet.
Onerous Debt means debt with high interest rates and/or short terms that causes a negative impact on the Borrower's negative cash flow and jeopardizes the Borrower's ability to convert to or expand its diversion of recycled or secondary material. hardship that can be directly alleviated by a lower interest rate and long term financing.
Examples of Onerous Debt in a sentence
Sliding Scale Fees are available, upon approval, for clients with Serious Financial Difficulties and for students with Onerous Debt Loads.