Difference between debt and wadset
- an obligation to pay or do something
- the state of owing something (especially money)
- money or goods or services owed by one person to another
He made the declarations while responding to reporters' questions on the bilateral debt forgiveness agreement during yesterday's post-Cabinet news conference at Whitehall.
The former Olympic champion may now have been overtaken, but a debt of gratitude is owed to her by the vibrant new star of her sport.
Now that I think about it, direct property distraint was a recognized means of compelling welchers to fulfill their obligations in the quasi-anarchic Brehon laws of Celtic Ireland, even if it was a case of tenants or debtors going after landlords or creditors.