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certificate of indebtedness

American  

noun

  1. a short-term, negotiable, interest-bearing note representing indebtedness.


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If a well-established stock company should wish for any reason to increase its available cash, it may issue bonds, or certificate of indebtedness, bearing from four to five per cent interest, payable semi-annually.

From Business Hints for Men and Women by Calhoun, Alfred Rochefort

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