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 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” from the Cambridge Business English Dictionary © Cambridge University Press)