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  • noun

Synonyms for indebtedness

a condition of owing something to another

something, such as money, owed by one person to another

Synonyms for indebtedness

a personal relation in which one is indebted for a service or favor

References in periodicals archive ?
Comparing with July, the non-financial sector indebtedness increased 2.
163(h)(3)(A) permits taxpayers to deduct interest paid or accrued during a tax year on acquisition indebtedness or home equity indebtedness for a qualified residence, which is defined by Sec.
The IRS found that the taxpayers had deducted interest on an amount of indebtedness greater than that allowed under the limits in Sec.
Note: Notice 88-74 reads, in part: "Treatment of debt which is partially acquisition indebtedness and partially home equity indebtedness: Regulations will provide that a single debt may qualify as partially acquisition and partially home equity indebtedness.
Part of the difficulty in separating out the costs is because all Los Angeles city bonded indebtedness is included in one category.
The IRS, on the other hand, contended that either (1) the note was not a genuine indebtedness and should be treated as an unenforceable gift, or (2) even if the note were genuine, it should not increase Peracchi's basis in the contributed property.
Ramifications of the exceptions to the rules that discharge of indebtedness must be included in gross income
The Internal Revenue Code has long provided that, as a general rule, income from discharge of indebtedness is taxable (as ordinary income) in the year that such discharge occurs.
The previous article explained that when the fair market value (FMV) of property declines below the amount owed on the mortgage and the owner is forced to surrender the property to the creditor, or reaches an agreement with the creditor to modify the mortgage, the owner may realize taxable income (discharge of indebtedness income or "DOI Income").
First, the points must be paid in respect of any indebtedness incurred in connection with the purchase or improvement of a principal residence.
NASDAQ: MATR) announced today that it has made an additional $10 million payment to further reduce its total indebtedness.
While personal interest is nondeductible, qualified residence interest, which includes both interest on acquisition indebtedness and home-equity indebtedness, is generally deductible.
2010-25 to address whether acquisition indebtedness incurred by a taxpayer to acquire, construct, or substantially improve a qualified residence can constitute home-equity indebtedness to the extent it exceeds $1 million (subject to the applicable dollar and fair market value limitations imposed on home-equity indebtedness by Sec.
and by each of Leap's and Cricket's existing and future domestic subsidiaries that guarantees indebtedness of Leap, Cricket or any subsidiary guarantor.