ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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VIABILITY Definition
VIABILITY, in economics, is the capability of developing and surviving as a relatively independent social, economic or political unit.
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NON-TRADE DEBT is that debt where invoices are issued to individuals not suppliers (trade).
OBLIGATION BOND is a bond signed by a mortgagor (borrower) for an amount greater than the loan amount. Such a bond creates a personal obligation on the part of the borrower and assures the lender of recourse in case of nonpayment of property taxes and insurance or past due interest on the mortgage.
