What is the definition of Recurring debt? | Dictionary.net

RECURRING DEBT

\ɹɪkˈɜːɹɪŋ dˈɛt], \ɹɪkˈɜːɹɪŋ dˈɛt], \ɹ_ɪ_k_ˈɜː_ɹ_ɪ_ŋ d_ˈɛ_t]\

Definitions of RECURRING DEBT

1910 - Black's Law Dictionary (2nd edition)

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Any debt payments that recur on a regular monthly basis. Examples include child support, alimony and mortgage payments. Lenders consider this debt when evaluating the creditworthiness of a borrower.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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