Book Debts definition

Book Debts means the net amount of all trade and other debts and amounts owing to the Company at the Completion Date in respect of the Business (whether or not invoiced).

Book Debts as defined in the UK Security Agreements.

Book Debts means the total amount of the outstanding debit balances in customers credit accounts including hire purchase and credit sales accounts at the date of the Damage adjusted for bad debts.

Examples of Book Debts in a sentence

• It is a Condition Precedent to Our liability under Section E - Book Debts - that at the end of each month You must record the total amount outstanding in Your Customer Accounts.

• Head of Cover Any of the following five types of insurance cover: a Buildings and completed structures b Other property (including contents, engineering, contractors and computers) c Business Interruption d Book Debts e Non-Damage Business Interruption Provided always that each Head of Cover will be deemed to be a separate Head of Cover whether the item insured is insured under this or separate policies, under separate terms of a policy or under separate sections of combined or package policies.

• It is hereby noted and agreed that Book Debts are excluded under this insurance policy.

• The Cover What is covered What is not covered We will compensate You in respect of loss sustained by You for Book Debts directly due to Damage at the Premises to Your books of account, other Business books or records.

• EMI’s due in the ensuing financial year are considered as current liabilitiesOverdraft - Punjab National Bank: Primary security is hypothecation of Book Debts of the company, both present and future.

More Definitions of Book Debts

Book Debts of a Chargor means all book and other debts of any nature, and all other rights to receive money (excluding Bank Accounts), now or in the future due, owing or payable to it and the benefit of all related negotiable instruments, rights, security, guarantees and indemnities of any kind

Book Debts means all present and future book and other debts, and monetary claims due or owing to the Borrower, and the benefit of all security, guarantees and other rights of any nature enjoyed or held by the Borrower in relation to any of them;

Book Debts means any claim of any nature which any of the Obligors (other than the Issuer) has in respect of any indebtedness against any debtor of such Obligor (other than the Issuer) and over which a security interest has been granted in favour of the Debt Guarantor (as defined in the Security Sharing Agreement);

Book Debts means the trade debts owed to the Vendor at the Effective Time in connection with the Business

Book Debts means all amounts, other than the Prepayments, owing to the Seller as at the Effective Time by third parties in respect of the Transferred Assets and Transferred Contracts, whether or not invoiced by the Seller as at the Effective Time.

Book Debts means the debts owed to BOC Limited in respect of the Business as at the Effective Date;

Book Debts means sums due to a business. Businesses can sell their book debts to an invoice financier to obtain cash now for money owed to them in the future. The sale of book debts represents an important source of liquidity, particularly for small and medium sized businesses.