What is EXISTING DEBT?

This term applies to a debt that exists but is not due for payment as yet.

More On This Topic
  1. Nine Debt Collector Tactics That Violate The Federal Debt Collections Practices Act
  2. Does Filing Bankruptcy Release You From a Small Claims Judgment?
  3. How To Stop My Wages From Being Garnished
  4. How To Fill Out A Statement To Determine Insolvency
  5. 3 Common Misconceptions People Have About Mortgage Law
  6. 1099-A or 1099-C for Mortgage Debt Discharged in Chapter 7 Bankruptcy?
  7. Two Important Differences Between A Mortgage and Deed of Trust
  8. After Filing Chapter 7 Bankruptcy, Do I Have to Sign a Reaffirmation Agreement?
  9. Marijuana: Recreational, Grow, & Medical Laws By State 2020
  10. Nepotism, Cronyism, & Favoritism: Illegal Or Unethical?

Related Legal Terms
EXISTING PERSON, EXISTING CREDITORS, EXISTING LIABILITY, SHORT TERM DEBT TO TOTAL DEBT, NET DEBT PER CAPITA, EXISTING EQUITY, DEBT INSTRUMENT, EXISTING HOME SALES, DEBT NEGOTIATION, DEBT TO WORTH RATIO


Link to This Definition
Did you find this definition of EXISTING DEBT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary