acknowledgement of debt
- acknowledgement of debt acˌknowledgement of ˈdebt noun acknowledgements of debt PLURALFORM [countable] FINANCE LAWan official written statement in which someone agrees that they have a debt and will pay it back
* * *acknowledgement of debt UK US (plural acknowledgements of debt) (also acknowledgment of debt) noun [C] (ABBREVIATION AOD) LAW► an official document in which someone states that they owe a particular amount of money to someone: »
When signing an acknowledgement of debt for consumed gas, the customer will be charged late payment interest until the last payment is made.
Financial and business terms. 2012.