Unliquidated obligations are expenditures based on firm obligations entered into, but not disbursed, in the financial period.

(iv) expenditures, including payments and other disbursements and unliquidated obligations

(t) Account debtor means a person liable for payment of a receivable.

This shall be done through the recording of an obligation(s), against which relevant payments or disbursements, made only on fulfilment of contractual and other obligations, shall be recorded as expenditure.

Unliquidated obligations are expenditures based on firm obligations entered into, but not disbursed, in the financial period.

Mindful of the fact that it is essential to provide the Transitional Authority with the necessary financial resources to enable it to fulfil its commitments and obligations, which have not been met on a current basis owing to delays in the payment of assessed contributions by Member States,

With total short term obligations estimated at 68.4 billion,14 the package thus covered 88 per cent of those obligations.

Contribution payments would generally be made to the insolvency representative administering the insolvent estate for the benefit of the estate as a whole.

What To Do About Debt

As a result the State has been unable to pay civil servants salaries and to honour its external debt service payments.

(q) quot Unliquidated obligation quot shall mean an obligation or that portion of an obligation which is not yet disbursed.

quot With the exception of matters which are settled in this Convention, the assignability of a receivable, the right of the assignee to request payment, the debtor apos s obligation to pay as instructed in the notification of the assignment, the discharge of the debtor and the debtor apos s defences are governed by the law governing the receivable to which the assignment relates of the country in which the debtor is located . quot

Norway was a strong supporter of debt relief and the HIPC Initiative, but more was needed to achieve debt sustainability.

Total expenditures reported include unliquidated obligations and disbursements.

Developing countries today are paying enormous amounts just to service the interest on debt.

Debtor's discharge by payment

The appropriation constitutes an authorization to the Executive Director to incur obligations and to make payments for the purposes for which the appropriations were approved and up to the amount so approved.

Discharge of the account debtor by payment

According to one report, the deal potentially covers 80 billion in private debt.

Expressing its concern that, despite repeated rescheduling of debt, developing countries continue to pay out more each year than the actual amount they receive in official development assistance,

Troop liabilities will be reviewed on a quarterly basis and paid on the basis of each mission's cash position.

(a) Cash payments by the estate

However, in accordance with UNDP reporting requirements, executing agencies may retain unliquidated obligations beyond 12 months when a firm liability to pay still exists such liabilities are reported as accounts payable in the financial statements.

An obligation can be maintained on the basis of the payment schedule included in the signed contract with the contractor.

By paying down its debt to the domestic banking system, the Government has contributed to the expansion of credit to the private sector.

To address the debt burden problem, many African countries at first resorted to repeated debt rescheduling which focused on debt service flows, resulting in steadily increasing debt stocks and related service payments.

In this respect, the G 8 has recently agreed to provide additional resources in order to cover the cost of full cancellation of the HIPC multilateral debt.

(4) Notwithstanding that the invalidity of an assignment renders all subsequent assignments invalid, the debtor is entitled to discharge its obligation by paying in accordance with the payment instructions set forth in the first notification.

Commitments of 420,038 representing legal obligations for which disbursements will be made in future years were entered into prior to 31 December 2004.

Negotiable instruments and other non payment obligations

(d) Substantial reduction of existing interest rates and of the costs and commissions paid in debt renegotiation

Firms will make rupiah payments to INDRA equivalent to the dollar amount of their short term debt valued at a predetermined exchange rate, and INDRA will make the payment to the creditor bank in dollars.

14. Calls upon bilateral and multilateral donors to contribute to the Highly Indebted Poor Countries Trust Fund in order to help the African Development Bank meet its share of Initiative related costs

Regarding the external balance of payments deficit, which stood at about 5 billion five years ago, we reduced our expenditures that was mainly on debt servicing.

For the Japanese Procurement Programme, expenditure incurred in other currencies is fixed at the United Nations operational rate of exchange in effect at the date of the establishment of the related obligation.

With regard to the debt burden adjustment, economic development in many developing countries had been adversely affected by heavy debt burdens and debt servicing, and that had greatly hampered their capacity to pay.

On 20 December 1977, the Supreme Court of the Province of Buenos Aires approved the liquidation of the debt made by the plaintiff and set in 160 millions of Argentinean pesos the amount that the defendant should pay.

The term expenditure designates total obligations incurred, whether liquidated or unliquidated

6. If the debtor receives notification of the assignment of a part of or an undivided interest in one or more receivables, the debtor is discharged by paying in accordance with the notification or in accordance with this article as if the debtor had not received the notification. If the debtor pays in accordance with the notification, the debtor is discharged only to the extent of the part or undivided interest paid.

As repeated reschedulings involve costs for the debtor countries and contribute to further accumulation of debt, the concept of reduction of the stock of debt (instead of the flows of debt service) was introduced by the Paris Club in 1994 and allowed for an exit from a repeated cycle of debt reschedulings.

Liabilities consisted of unliquidated obligations of 77,023, accounts payable of 10,599.

More ominously, the conversion of these cumulative arrears on interest payments into short term debt accounts for one third of the total increase in debt in the region since 1988.

(f) Declaration of a general moratorium on the remaining debt

Indonesian banks were required to repay all past due debts during June 1998 (estimated to amount to 4.5 billion).

I'm afraid it'll be somewhat of a surprise when he finds... his gambling debts and liquor bills paid off by his former stable boy.