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obligation
(redirected from debt instrument)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.23 sec.

obligation

In politics, the duty of individuals to obey the laws of their state and, generally, to accept the authority of its government. The basis of political obligation has been depicted as a contract between ruler and people or as arising from the state's ability to provide for the welfare of its citizens.



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In 1982, Congress passed the Tax Equity and Fiscal Responsibility Act ("TEFRA") which restricts the issuance of debt instruments in bearer form.
has asked banks to go to debt market for debt instrument trading, he added.
An applicable debt instrument is any debt instrument issued by a C corporation or any other person in connection with the conduct of a trade or business.
 
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