California Financial Code 7275 – As used in this article, “funded debt” means all interest-bearing …
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As used in this article, “funded debt” means all interest-bearing indebtedness of a corporation not maturing within one year of the date it was incurred.
(Added by Stats. 1988, Ch. 718, Sec. 14.)
Terms Used In California Financial Code 7275
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.