indebted meaning

is that any definition of indebted ??
can any one explain the exact meaning of the same
Replies (4)

Indebtedness is the state of owing something (usually money) to someone.

Indebted in Gujarati .... is ધિરાણ

 

thx for the reply
but I want some legal meaning i.e what is included and what is excluding in indebtnes

As per companies act

Every annual return filed in pursuance of the section 92 to the Companies Act, 2013

should contain the following information under ..... INDEBTEDNESS

– Secured loans excluding deposits;

– Unsecured loans;

– Deposits;

– Total indebtedness at the beginning of the financial year, changes during the financial year and indebtedness at the end of the financial year.

May I know for what purpose you want to know the meaning of indebtness as it is very exhaustive term.

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