debt obligation means an obligation to make a repayment of money to another person, including accounts payable and the obligations arising under promissory notes, bills of exchange and bonds; Sample 1Sample 2Sample 3.
Answer and Explanation:
The legally bound obligation to pay debts is called a liability. A liability started as a legal definition, and refers to anything you are responsible for whether it is property, another person, or a legal issue.
As a generic term, CDO can refer to vehicles that hold a variety of debt instruments including bonds, mortgages (including subprime mortgages) or even other CDOs. CLO refers to vehicles that invest in leveraged loans.
A debt arises when one party (the debtor) has a legally enforceable obligation to pay money or provide services to another party (the creditor). This obligation typically stems from contracts, which could range from personal loans to commercial transactions like employment contracts or services rendered.
accountability, agreement, bond, burden, commitment, constraint, contract, debt, duty, liability, necessity, need, promise, requirement, right, trust, understanding.
Economists use the term "legal liability" to describe the legal-bound obligation to pay debts.
securities collateralized by a pool of bonds and loans. – CDOs collateralized by corporate bonds may be referred to as Collateralized Bond Obligations, or CBOs. Obligations (CLOs) which are primarily secured by leveraged bank loans.
A collateralized loan obligation (CLO) is a single security backed by a pool of debt. CLOs are often corporate loans with low credit ratings or loans taken out by private equity firms to conduct leveraged buyouts.
What is a CDO for dummies? CDO is a type of derivative where various debts such as loans are grouped to create a single diversified debt product.
The phrase in question is: “Please cease and desist all calls and contact with me, immediately.” These 11 words, when used correctly, can provide significant protection against aggressive debt collection practices.
A financial liability is any money owed to another party. Common personal liabilities include home mortgages and student loans, while common business liabilities include accounts payable and deferred revenue. Liabilities can be short-term, such as credit card debt, or long-term, such as mortgages.
What is another word for legal obligation? Legal Obligation is also referred to as the legal duty.
There are three types of collateralized debt obligations: Mortgaged-backed securities - CDOs comprised of mortgages. Asset-backed securities - CDOs compromised of auto loans, corporate debt, or credit card debt. Collateralized bond obligations (CBOs) - a mix of investment-grade bonds and riskier, lower-graded bonds.
If you fall significantly behind on your payments, your creditor may sell your debt to a collection agency. Your creditors can transfer and sell your debt to a collection agency without your permission. However, the collection agency must contact you about the sale before attempting to collect the debt.
If your debt is forgiven or discharged for less than the full amount owed, the debt is considered canceled for the forgiven or discharged amount that you no longer need to pay. Cancellation of a debt may occur if the creditor can't collect, or gives up on collecting, the amount you're obligated to pay.
The term CLO is restricted to a pool of straight loans. However, quite often, corporate exposures are held in the form of bonds. Hence, collateralized bond obligations (CBOs) would refer to securitization of a pool of corporate bonds.
Financial obligations represent any unpaid loans or regular payments you'll have to make. If you owe or will owe money to anyone, that is one of your financial obligations.
To simplify, think of a CLO as a company that raises money from debt and equity investors to purchase a pool of 150-200 diversified senior secured first-lien corporate loans, “the assets.” These assets are also called leveraged loans and come from large well-known borrowers, such as United Airlines, Virgin Media and ...
MM CLOs consist almost exclusively of first lien senior secured loans, while BDCs can invest all the way down the capital structure. The level of portfolio diversity can be another differentiating factor with regard to asset quality. Funding profiles differ materially, due to the presence of refinancing risk in BDCs.
As a result, investors and banks alike were hit hard by losses incurred from these investments, causing a significant downturn in the global financial markets. Despite this crash, CDOs still exist and can be used to invest in various types of debt.
Tranches are pieces of a pooled collection of securities, usually debt instruments, that are split up by risk or other characteristics in order to be marketable to different investors. Tranches carry different maturities, yields, and degrees of risk—and privileges in repayment in case of default.
Liability. Something that is a disadvantage, money owed, or a debt or obligation according to law.
Pure obligations – refer to obligations “whose performance does not depend upon a future or uncertain event, or upon a past event unknown to the parties” and is thus “demandable at once.” ( CIVIL CODE, Article 1179)
The FDCPA is one of the most important laws protecting your rights as someone who owes money. Not only does it make threats illegal, but it also bans other forms of creditor harassment.