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Indebtedness (2)
INDEBTEDNESS (2)

Definition: (of countries, organizations, etc.) The situation of owing money to other countries or organizations.
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* All six elements would be in.


1. Money was borrowed for a purpose or some purposes.

2. Debt was incurred as a necessity in the opinion of debtor.

3. The terms of the agreement for lending/borrowing are/were clear.

4. Borrowed money was invested wisely (to emphasize).

5. Plans are underway to repay loan from the returns on investment and matured funds, etc. - not by getting into further debts!

6. Debt will be fully repaid, whatever the amount, as per agreement or as mutually rescheduled (if applicable); no fight.
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See perfect DEBT (2).

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