debt obligation
Pronunciation
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Pronunciation
- (America) IPA: /dɛt ɑb.ləˈɡeɪ.ʃən/
debt obligation
- (legal) 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.
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.003