"Indebtedness" refers to the state of owing someone or something, usually money or a favor. It implies a sense of obligation or being in debt to someone or something.
Full definition
The first hearing is in support of Senate 1521, An Act relative to discharge
of indebtedness of principal residence from gross income.
Generally there are two to three regions of
indebtedness in which all states require minimum coverage.
The typical
total indebtedness of young, college - educated households owing student debt ($ 137,010) is nearly twice that of their counterparts not owing student debt ($ 73,250).
However, a taxpayer may not deduct interest
on indebtedness incurred or continued to purchase or carry obligations that are exempt from federal income tax.
Since student
loan indebtedness in America is now just under $ 1 trillion, managing those obligations in tandem with other debts, like credit card balances or a mortgage have signaled an end to America's free money days.
There is some level of
indebtedness at which the US government would fail, whether through internal or external debt repudiation, or inflation.
The phenomenon of
increased indebtedness among Americans has occurred despite the belief that we are adverse to debt.
Taxpayers can deduct interest on mortgage debt up to $ 750,000 of
acquisition indebtedness for a newly acquired principal or second home.
«You want to have a controlled, managed improvement in consumer
indebtedness as opposed to doing anything radical,» advised Lum of DBRS.
Rent payments under a sale - leaseback usually are not considered
indebtedness for such purposes, thus a business can meet its cash needs through the sale - leaseback without violating any previous agreements.
The Orlando bankruptcy lawyer advisors work to give financially insolvent individuals and debtors of commercial enterprises relief
from indebtedness.
For home acquisition
indebtedness incurred on or before December 15, 2017, there is no change to the $ 1,000,000 limit on which you can deduct interest.
Most lenders require that the total
mortgage indebtedness secured by your home not exceed 80 percent of the property's value — $ 320,000 in this case.
The Survey of Consumer Finances shows that younger households were reducing their
overall indebtedness at a faster clip than older households between 2007 and 2010 (Fry, 2013).
To refinance an existing mortgage loan or other
indebtedness secured by a lien of record on a residence owned and occupied by the veteran as a home
Our national discussions about
consumer indebtedness and bankruptcy are being distorted by the idea that we're waddling around with four - and five - figure credit card debts.
A commercial automobile coverage might be suitable should you want higher limits of
indebtedness due to the nature of your own work.
Yet, despite the majority of commentary and critique of Cellar Door Games» seminal roguelike, Rogue Legacy, opting to revolve around concepts of death and rebirth, it is a game all
about indebtedness and family relationships.
If
high indebtedness is indeed the main determinant of future economic growth and further government «stimulus» is counterproductive, then a prolonged state of debt induced coma may so limit returns on other riskier assets that a 30 - year Treasury bond with a 2 % yield would be a highly desirable asset to hold.
In Newton's day, references to the giants of the past were generally used to
express indebtedness to the ancients, especially the Greeks.
The Park District has $ 450,000 in outstanding general
bond indebtedness because of a 1989 bond issue for $ 565,000 that funded miscellaneous expenses and construction of a gymnasium and locker rooms next to its Thorndale location.
Judged on the basis of the typical debt - to - income ratio, the decline in household
indebtedness among younger households has not been uniform.
Household indebtedness may also affect the transmission mechanism of monetary policy, for instance, by influencing households» willingness to spend out of their disposable incomes.
Critics of this measurement of
indebtedness also say it ignores the wealth being created by rising house prices.
Also, as an FF disciple, I reject a number of commonly held beliefs including the concept of «too big to fail»; the definition of corporate failure; the belief that creditworthy entities, corporate or governmental, ever
repay indebtedness in the aggregate; or the belief that a capital infusion into a private enterprise by a governmental agency is, ipso facto a «bailout» rather than an «investment».
The company also expects to use proceeds from the sale to reduce
aggregate indebtedness in order to make the transaction leverage neutral.
In the event of non-payment of the consolidation loan the consumer is effectively forfeiting an amount equal to their
current indebtedness from their home equity.
We can't solve that talent shortage domestically when many 18 - year - olds are discouraged by valid fears of long -
term indebtedness from borrowing enough for the education employers want.
An employment credit report provides a profile of your applicant's personal financial management history,
including indebtedness, payment history and public record information such as tax liens, judgments and bankruptcies.
Acknowledging
great indebtedness to the theologies just briefly reviewed I shall try to show what a functional analysis of man as created for communion may do to illuminate our experience of the forms which unlove takes.
Is the article alluding to
personal indebtedness through credit card borrowing as one of the sources of the Canada - wide debt?
This information comes from data collected up through to the year 2013, and represents the most reliable measure of credit
card indebtedness in the United States.
You can read about the PMI deduction and the rule for qualified principal
residence indebtedness in the 2016 version of Publication 530, and the tuition and fees deduction in the 2016 edition of Publication 970.
The insurance company may only cancel your policy if your loan
indebtedness exceeds your policy's cash value or if you don't pay your premiums.
Phrases with «indebtedness»