Definition
A debt along with interest disbursed against the consideration for the time value of money. Includes money borrowed against payment of interest, bonds and debentures, hire purchase and finance lease, receivables sold or discounted, amounts raised under any other transaction having commercial effect of a borrowing, and derivative transactions.
Related Terms
Operational DebtCIRP
Need Expert Advice on Financial Debt?
For specific advice on how Financial Debt applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates