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The word indebtedness is to bring under debt. The person was indebted under pressure.

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9y ago

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What is a certificate of indebtedness by a corporation to the holder?

bond


What should you do with a 1919 certificate of indebtedness?

Does it have holes punched in it? That would mean it was voided.


What is the following certificate of indebtedness by a corporation to the holder?

A certificate of indebtedness by a corporation is a formal document that represents a loan or debt obligation the corporation has to the holder. It typically outlines the terms of the debt, including the principal amount, interest rate, repayment schedule, and any covenants or conditions associated with the indebtedness. This certificate serves as evidence of the corporation's obligation and can be used by the holder as proof of their claim to receive payments from the corporation.


What is unsecured personal indebtedness?

Unsecured personal indebtedness is debt that is not secured against an asset. For example, a mortgage is a debt secured against an asset, being a house. If you fail to pay your mortgage, your house will be taken of you. An unsecured debt is that of a loan or credit card bill which is not backed up by an asset.


If you join into a mortgage as a spouse but are not liable for the underlying indebtedness will this affect your credit rating?

You need to discuss this issue with an unbiased professional. If you "join into" a mortgage you are indeed liable for the underlying indebtedness. Otherwise the lender wouldn't ask you to sign the mortgage. If the mortgage goes into default it will not only affect your credit rating but the lender can go after you for payment.