Super Glossary

Debt

Business / Loan / Debt

Debt: An amount owed for funds borrowed. The debt may be owed to an organization's own reserves, individuals, banks, or other institutions. Generally, the debt is secured by a note, bond, mortgage, or other instrument that states repayment and interest provisions. The note, in turn, may be secured by a lien against property or other assets.

Related Words

Debt: Means any money that is owed or due to someone else.

Debt Service Coverage: Interest payment plus repayments of principal to creditors (retirement of debt).

Debt Service Parity Approach: The ratio of cash flow available to the borrower to the annual interest and principal payments on a loan or other debt.

Debt Securities: The complete repayment of debt. See: Sinking fund.

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