acknowledgement of debt Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “acknowledgement of debt” in the English Dictionary

"acknowledgement of debt" in Business English

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acknowledgement of debtnoun [C]

(plural acknowledgements of debt) (also acknowledgment of debt) uk   us   ( abbreviation AOD) LAW
an ​officialdocument in which someone ​states that they ​owe a particular ​amount of ​money to someone: When ​signing an ​acknowledgement of ​debt for ​consumedgas, the ​customer will be ​charged late ​paymentinterest until the last ​payment is made.
(Definition of acknowledgement of debt from the Cambridge Business English Dictionary © Cambridge University Press)
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