Debt instrument/Definition: Difference between revisions
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a formal obligation assumed by a borrower to replay the lender in accordance with the terms of an agreement. Debt instruments include bonds, debentures, promissory notes, leases and mortgages. | |||
Revision as of 09:09, 5 May 2009
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Debt instrument [r]: a formal obligation assumed by a borrower to replay the lender in accordance with the terms of an agreement. Debt instruments include bonds, debentures, promissory notes, leases and mortgages.