Confirming house and Obligation: Difference between pages
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imported>Kmacharla No edit summary |
imported>Doug Williamson (Expand. Source: linked pages.) |
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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. | |||
3. | |||
More broadly still, any type of commitment, whether or not it is legally binding. | |||
== See also == | |||
* [[Aval]] | |||
* [[Bond]] | |||
* [[Debt]] | |||
Revision as of 10:26, 20 June 2016
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.
3.
More broadly still, any type of commitment, whether or not it is legally binding.
