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* Related Definitions, Terms and Acronyms:
  • Debt - that which is owed to someone else, such as money.
  • Compounding - to compute interest on the principal and accrued interest together, rather than on the principal alone.
  • Loan default - a condition that occurs when a debtor has not met the legal obligations according to the debt contract, e.g. it has not made a scheduled loan payment, or violated a condition of the debt agreement.
  • Revolving credit - a type of credit that does not have a fixed number of payments, in contrast to installment credit.
  • Royal Dutch Shell - a major energy company, one of the top four vertically integrated private sector oil, natural gas, and gasoline companies in the world.

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