FINANCEalegalagreementbetween adebtor(=person,company, etc. thatowesmoney)andtheircreditors, whichincludesa newplanforpayingback thedebt:InAustraliaa Part IXdebtagreementis alegallybindingagreementbetween adebtorandtheircreditors, and is only to be used where thedebtorisinsolvent.(Definition ofdebt agreementfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofdebt agreement
debt agreementI would have preferred it if the property settlement could have been signed at the same time as thedebtagreement.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Thedebtagreementarrived at last year provided for an initial repayment of ￡10 million.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0During this time, debt agreements were primarily simple, straightforward debt restructuring where repayment plans were established with debtor nations.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Is there any man who thinks that the debt agreements which have been made are going to remain in force without change, without modification, for the next 60 years?From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/debt-agreement##
