Posted on: July 24, 2018 by: admin_mcadams An obligation owed by one party (the debtor) to a second party (the creditor).Related Articles: Glossary: BondGlossary: ForeclosureGlossary: TreasuriesGlossary: Commercial PaperGlossary: Corporate Bond Share: Post navigation 401(k) PlanInvestment Objective