ACKNOWLEDGEMENT OF INDEBTEDNESS Definition

Bookmark and Share

ACKNOWLEDGEMENT OF INDEBTEDNESS is a written recognition of debt that is enforceable in law, e.g. memorandum check, bank draft, or loan contract.

Learn new Accounting Terms

CRAT is an acronym for Charitable Remainder Annuity Trust.

CLOSE is 1. The planned termination of accounting ledger activity with the resultant consolidation within a business, i.e. monthly, quarterly or annual; 2.The final half-hour of a securities trading session; 3. The price of the last transaction for a given security at the end of a given trading session. also called closing price; or, 4. To consummate a sale, contract or ownership transfer.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.