Từ vựng:

antecedent debt

Giải nghĩa:

/ˌan(t)əˈsēdnt det/ – Phrase


Definition: nợ cũ hơn.

A more throughout explanation: Antecedent debt refers to a debt that existed before a particular event or transaction. In legal terms, it typically refers to a debt that was incurred prior to the creation of a security interest or lien on specific property.

Example: The antecedent debt must be repaid before any new loans can be issued.

 

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