GROSS DEBT Definition

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GROSS DEBT, generally, is the sum total of an entities debt obligations. In corporate finance, it is usually comprised of debt financing, irrespective of its maturity, i.e. medium and long-term (various borrowings due in more than one year that have not yet been repaid) and short-term bank or financial borrowings (portion of long-term borrowings due in less than one year, discounted notes (same technique as discounting of bills of exchange), bank overdrafts, etc.).

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SURETY BOND is a contract by which one party agrees to make payment on any default or the debt of another party.

SUPPLIERS provide goods or services to an audited entity. Sometimes called vendors.

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