Library / English Dictionary

    CERTIFICATE OF INDEBTEDNESS

     I. (noun) 

    Sense 1

    Meaning:

    A written promise to repay a debtplay

    Synonyms:

    certificate of indebtedness; debt instrument; obligation

    Classified under:

    Nouns denoting possession and transfer of possession

    Hypernyms ("certificate of indebtedness" is a kind of...):

    document (a written account of ownership or obligation)

    Hyponyms (each of the following is a kind of "certificate of indebtedness"):

    cash equivalent (a highly liquid debt instrument with maturities of less than three months)

    CD; certificate of deposit (a debt instrument issued by a bank; usually pays interest)

    note; note of hand; promissory note (a promise to pay a specified amount on demand or at a certain time)

    floater (a debt instrument with a variable interest rate tied to some other interest rate (e.g. the rate paid by T-bills))

    bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)

    Credits


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