Obligation: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson (Add link.) |
||
| (5 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
1. | 1. | ||
Any financial commitment undertaken, most commonly in relation to repaying money. | Any financial commitment undertaken, most commonly in relation to repaying money. | ||
For example the obligation to repay a bond - together with related interest - or the obligation to repay other borrowings or other debt. | For example the obligation to repay a bond - together with related interest - or the obligation to repay other borrowings or other debt. | ||
This type of obligation is sometimes known as a 'debt obligation'. | |||
2. | 2. | ||
More generally, any legally binding financial or non-financial commitment. | More generally, any legally binding financial or non-financial commitment. | ||
These may be contractual obligations, or other legally binding obligations. | |||
3. | 3. | ||
More broadly still, any type of commitment, whether or not it is legally binding. | More broadly still, any type of commitment, whether or not it is legally binding. | ||
== See also == | == See also == | ||
* [[Aval]] | |||
* [[Bond]] | * [[Bond]] | ||
* [[Constructive obligation]] | |||
* [[Debt]] | * [[Debt]] | ||
* [[Discharge]] | |||
* [[Obligating event]] | |||
* [[Obligor]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 17:05, 2 October 2022
1.
Any financial commitment undertaken, most commonly in relation to repaying money.
For example the obligation to repay a bond - together with related interest - or the obligation to repay other borrowings or other debt.
This type of obligation is sometimes known as a 'debt obligation'.
2.
More generally, any legally binding financial or non-financial commitment.
These may be contractual obligations, or other legally binding obligations.
3.
More broadly still, any type of commitment, whether or not it is legally binding.
