Acknowledgment of Debt

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Debt Acknowledgment is a document signed by one primary party, the debtor, as an acknowledgment of a specific amount of money owed to another party, the creditor. A Debt Acknowledgment Form is usually quite a short document, containing only the basic and required facts about the parties' transaction and the monies owed.

A Debt Acknowledgment Form contains the names of the two parties, the amount of money owed, an acknowledgment that there are no defences to the money owed, and a date certain by which the money will be paid back.

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