acknowledgement of debt

acknowledgement of debt acˌknowledgement of ˈdebt noun acknowledgements of debt PLURALFORM [countable] FINANCE LAW
an official written statement in which someone agrees that they have a debt and will pay it back

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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.

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