Under local law, after S1 distributed the note to A, S2 was relieved of its liability to S1 and was directly liable to A. Whether S2 is indebted to A rather than S1 is determined under general Federal tax principles and depends upon all of the facts and circumstances.
New Zealand were indebted to a composed 69 from Craig McMillan during their innings.
Guyana became heavily indebted as a result of the inward-looking, state-led development model pursued in the 1970s and 1980s.
Spurs boss Ramos mixed things up with 20 minutes left, replacing King with Adel Taarabt, but the hosts were indebted to a brilliant Robinson save on the stretch from Farfan's drive to keep them at least in touching distance.
For other American carriers, a reinvigorated, less indebted United could prove a nasty challenge.
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Anybody who has had to deal with a highly-indebted person, either as a friend, family member or business partner, will tell you the same thing: that person will take the deal that offers the most cash right now with a complete disregard for long-term consequences.
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If a heavily indebted individual wanted to save for the future, a financial advisor would probably tell him the first step is to pay off some of his debts.
No heavily indebted country with a trade deficit has an alternative to austerity and inflation.
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Do investors dare give cash to an indebted company with a ripe reputation but a promising project?
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In the same way, people who want to help poor, indebted countries advocate a writeoff of the debts.
But over-indebted Britain is a poor prospect in this regard.
When a heavily indebted state like California or Illinois defaults in 2012 or 2013, the American people will not be tricked into a bailout with sob stories of laid-off teachers.
It is like giving a lecture on compound interest to an over-indebted person about to sign for a tenth credit card.
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Europe's most indebted nation has set a target to privatize 25 billion euros of these assets by 2020.
History shows all stock market collapses occur with a heavily indebted private sector.
Some indebted businessmen have done a runner, abandoning their homes and firms rather than parting with their pound of flesh.
The loss hardly affected the Reds, although they were indebted to Reina for a point-blank save from Marius Bilasco late on.
They were restricted to 120-8 with only nine fours and a six, and were indebted to Irish-born Eoin Morgan, who made a composed 45, falling in the final over.
However, failing to recognize that America is a rich (if indebted) country that can afford to do more for those in need than what was once possible is a giant, regressive step backwards.
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The high-savings economies, China, Japan, Germany, would have to spend and consume more - to boost global demand, create a market for the goods and services of the UK, US and so on, and help the indebted economies reduce their debts in a less painful way.
The point is that if you add together all debts - government debts, corporate debts, financial institution debts, and household debts - Spain is a much more indebted or leveraged country than Italy.
However, Germany's Sueddeutsche Zeitung daily said Mrs Merkel was willing to see the ECB step up its buying of bonds from indebted eurozone countries, as a bridging solution until budget controls took hold.
Heavily indebted Italy has also been a worry for investors, and political uncertainty has increased since former Prime Minister Silvio Berlusconi confirmed that he would run again in a general election expected in February.
Germany is concerned that a Greek exit from the eurozone could lead to a domino effect, whereby a number of indebted nations -- including Ireland, Portugal and potentially Spain and Italy -- may be forced to withdraw from the common currency, which could lead to a full break-up of the monetary union.
Hently, a 1680 case that said an indebted merchant owed his debt to the person who had lent him the money, not to a debt collector who came around bearing a note.
With households now highly indebted across the industrialized world, a sustained recovery in private consumption will require a rise in the share of national incomes accounted for by wages and salaries.
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By now you will have seen the paradox of this attempt to strengthen banks: the governments of these over-indebted countries don't have a lot - if any - spare cash to inject into their banks.
With no direct liquidity from the ECB forthcoming in the form of an IMF-partnered bailout, the onus is firmly on the EU summit this week to find a way to pull indebted sovereigns out of the red.
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