contingent debt — One which is not presently fixed, but may become so in the future with the occurrence of some uncertain event. A debt in bankruptcy which may be proved and allowed and which arises out of contract. It does not encompass a tort claim on which no… … Black's law dictionary
contingent — con·tin·gent /kən tin jənt/ adj 1: likely but not certain to happen compare executory 2: intended for use in circumstances not completely foreseen a contingent fund 3: dependent on or conditioned by something else … 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
contingent liability — a liability which will only arise upon the happening of a certain event, for example, the guarantor of a loan being asked to honour the guarantee if the borrower defaults. Glossary of Business Terms A debt or obligation that becomes a liability… … Financial and business terms
Contingent value rights — A Contingent Value Rights (CVR) is a type of option that can be issued by the buyer of a company to the sellers. It specifies an event, which, if triggered, lets the sellers acquire more shares in the target company. The New York Times claims[1]… … Wikipedia
debt — I (New American Roget s College Thesaurus) State of owing money Nouns 1. debt, indebtedness, obligation, liability, debit, score; charge, charge account; arrears, deferred payment, accounts receivable; deficit, default; insolvency, nonpayment,… … English dictionary for students
External debt — Map of countries by external debt based on 2005 CIA factbook figures Map of countries by externa … Wikipedia
IMPRISONMENT FOR DEBT — IMPRISONMENT FOR DEBT, the imprisonment of a debtor who fails to pay his debt on or before the date due. Prevalence in Other Legal Systems Influenced by Roman law (see execution civil law), imprisonment for debt was the most common means of… … Encyclopedia of Judaism
public debt — n. 1. the total debt of all governmental units, including those of state and local governments 2. NATIONAL DEBT * * * obligations of governments, particularly those evidenced by securities, to pay certain sums to the holders at some future… … Universalium
existing debt — To have an existing debt it is sufficient if there is an absolute debt owing though the period for its payment may not yet have arrived. A tax may be a debt within meaning of agreement to assume existing debts . Shepard v. Commissioner of… … Black's law dictionary
