acknowledgement of debt

acknowledgement of debt
acknowledgement of debt acˌknowledgement of ˈdebt noun acknowledgements of debt PLURALFORM [countable] FINANCE LAW
an official written statement in which someone agrees that they have a debt and will pay it back

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acknowledgement of debt UK US (plural acknowledgements of debt) (also acknowledgment of debt) noun [C] (ABBREVIATION AOD) LAW
an official document in which someone states that they owe a particular amount of money to someone: »

When signing an acknowledgement of debt for consumed gas, the customer will be charged late payment interest until the last payment is made.

Financial and business terms. 2012.

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  • Judgment debt — Judgment Judg ment, n. [OE. jugement, F. jugement, LL. judicamentum, fr. L. judicare. See {Judge}, v. i.] [1913 Webster] 1. The act of judging; the operation of the mind, involving comparison and discrimination, by which a knowledge of the values …   The Collaborative International Dictionary of English

  • acknowledgment of debt — recognition of financial liability, acknowledgement of financial obligation …   English contemporary dictionary

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  • IOU — may refer to:* IOU (debt), an acknowledgement of debt * I.O.U. (song), by jazz funk band Freeez * Investor owned utility * A song on the indie rock album Old World Underground, Where Are You Now? See also * IOYOU …   Wikipedia

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  • bill — I. /bɪl / (say bil) noun 1. an account of money owed for goods or services supplied. 2. a slip or ticket showing the amount owed for goods consumed or purchased, especially in a restaurant. 3. Government a form or draft of a proposed statute… …  

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