debts indebtedness

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• Indebtedness — In*debt ed*ness, n. 1. The state of being indebted. [1913 Webster] 2. The sum owed; debts, collectively. [1913 Webster] …   The Collaborative International Dictionary of English

• indebtedness — [in det′idnis] n. 1. the state of being indebted 2. the amount owed; all one s debts …   English World dictionary

• indebtedness — The aggregate of a person s debts. A single debt. The state of being obligated upon a debt or debts. For the purpose of deducting interest in computing net income for tax purposes:–an unconditional obligation. Gilman v Commissioner (CA8) 53 F2d… …   Ballentine's law dictionary

• indebtedness — /in det id nis/, n. 1. the state of being indebted. 2. an amount owed. 3. debts collectively. [1640 50; INDEBTED + NESS] * * * …   Universalium

• indebtedness — Synonyms and related words: accounts payable, accounts receivable, amount due, arrearage, arrears, bad debts, bankruptcy, bill, bills, borrowing, charges, chits, debt, delinquency, due, dues, failure, financial commitment, floating debt, funded… …   Moby Thesaurus

• indebtedness — n 1. debts, liabilities; Accounting. debit, deficit, due, score; default, arrears, arrearage; insolvency, bankruptcy, failure. 2. obligation, Obs. beholdenness; accountability, ac countableness, chargeability, answerability, responsibility. 3.… …   A Note on the Style of the synonym finder

• indebtedness — /ɪnˈdɛtədnəs/ (say in detuhdnuhs) noun 1. the state of being indebted. 2. an amount owed. 3. debts collectively …  

• indebtedness of decedent — For the purpose of a deduction from the estate in determining an estate or inheritance tax; debts of the decedent allowed in the administration proceeding, not including expenses of administration. 28 Am J Rev ed Inher T § 387. See claim against… …   Ballentine's law dictionary

• discharge of indebtedness — the satisfaction or elimination of the debts of the debtor by the bankruptcy court (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

• existing indebtedness — For some purposes, a liquidated demand or a sum of money due by certain and express agreement. Craig v Gaddis, 171 Miss 379, 157 So 684. 95 ALR 1494 (availability of remedy of attachment); Wing v Slater, 19 RI 597, 35 A 302 (personal liability of …   Ballentine's law dictionary

• just debts of decedent — All claims which could have been enforced by action against the decedent in his lifetime. 31 Am J2d Ex & Ad § 276. Not estate or inheritance taxes or claims upon indebtedness incurred by personal representative of the decedent. Anno: 37 ALR2d 136 …   Ballentine's law dictionary