Notice of the acceptance of this demand to proceed against the principal debtor is hereby waived.

对这一要求进行公告，接受对债务人的主要 现予免除。

youdao

If the debtor assigns its obligations, the new debtor shall assume the collateral debts relating to the principal debts, except those debts exclusively belong to the original debtor.

债务人转移义务的，新债务人应当承担与主债务有关的从债务，但该债务专属于原债务人自身的除外。

youdao

The period extended by the creditor to a debtor to only pay the interest without reimbursing the principal. It is not a breach of agreement before the extra period expired.

指债权人同意债务人只支付利息，暂时无须偿还本金的一段宽限期，在宽限期满前均不视为违约。

youdao

In letters delivered to the finance ministers of the Group of Seven countries, the principal Latin American debtor nations, the IMF and the World Bank, the Center calls attention to the growing inequities in the industrialized West's approach to funding Mr. Gorbachev's perestroika and the financial requirements of the flegling democratic governments of Latin America.

CENTERFORSECURITYPOLICY: Center For Security Policy

Regarding such a switcheroo as "income" is like making an interest-free loan and then telling yourself, as the debtor pays back only your principal, that you are earning a generous return on your money.

WSJ: The Intelligent Investor: Yields So High, They Can't Be for Real

First, the tax law says that debt forgiveness by a creditor is income to the debtor in the amount of the principal forgiven.

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