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English definition of “acknowledgement of debt”

acknowledgement of debt

noun [C] (plural acknowledgements of debt) (also acknowledgment of debt)     ( 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.
(Definition of acknowledgement of debt noun from the Cambridge Business English Dictionary © Cambridge University Press)
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