debt limitations


debt limitations
Ceiling placed on amount of borrowings by individuals, corporations or governments. Certain state constitutions prohibit deficit spending by government

Black's law dictionary. . 1990.

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  • debt limitations — Ceiling placed on amount of borrowings by individuals, corporations or governments. Certain state constitutions prohibit deficit spending by government …   Black's law dictionary

  • debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… …   Law dictionary

  • Debt Limitation — A bond covenant that limits or restricts any additional debt that may be incurred by the issuer. Debt limitations look to protect the current lenders by maintaining the firm s degree of leverage. A debt limitation may take a variety of forms,… …   Investment dictionary

  • Debt evasion — is the intentional act of trying to avoid attempts by creditors to collect or pursue one s debt. At an elementary level, this includes the refusal to answer one s phone by screening one s calls or by ignoring mailed notices informing the debtor… …   Wikipedia

  • Debt buyer — A debt buyer is a company, sometimes a collection agency or a private debt collection law firm, that purchases delinquent or charged off debts from a creditor for a fraction of the face value of the debt. The debt buyer can then collect on its… …   Wikipedia

  • bad debt — see debt Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bad debt I …   Law dictionary

  • Uniform Debt-Management Services Act — Consumer debt counseling and management services have been available to individuals with serious credit problems going back to the 1950s. There are generally two kinds of services that have been available. Some of these services have provided… …   Wikipedia

  • Zombie Debt — A type of bad debt that is so old a person may have forgotten he or she owed it in the first place. The debt has likely been given up on by the company to which it was owed. Zombie debt can haunt a debtor if a debt collector buys the debt for a… …   Investment dictionary

  • Statute of limitations — Statute Stat ute ( [ u]t), n. [F. statut, LL. statutum, from L. statutus, p. p. of statuere to set, station, ordain, fr. status position, station, fr. stare, statum, to stand. See {Stand}, and cf. {Constitute}, {Destitute}.] 1. An act of the… …   The Collaborative International Dictionary of English

  • government budget — Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard… …   Universalium