Abbreviations are made to deliver long words or a combination of words in their easiest ways. They are commonly used in the business world where numbers and sorts of terms are rummaged and defined. Also, it is where personal information is abbreviated for confidentiality and thorough reasons.
Sometimes, abbreviations are mistaken for acronyms. Debt abbreviations appear to be like acronyms but they differ from others when defined particularly because it is for the terms credit and debt. Banks and financial institutions are the ones using these debt abbreviations for tagging and labeling their transactions and businesses with their clients, partners and investors. Well, nowadays, a wide range of terms are being used by such to make the recording and messaging system in easier ways.
Here are some of the commonly used debt abbreviations today:
- 1. CC = Credit Card
- 2. CFP =Charge for Payment
- 3. CPA = Continuous Payment Authority on a Credit/Debit Card or Bank Account
- 4. CO= Charge Off
- 5. CR = Credit Report
- 6. CRA = Credit Reporting Agency
- 7. DCA = Debt Collecting Agency
- 8. DD = Direct Debit
- 9. DMC = Debt Management Company
- 10. DQ = Debt Questions
- 11. DQF = Debt Questions Forum
- 12. DRO = Debt Restriction Order
- 13. DV = Debt Validation
- 14. F&F =Full and Final Settlement
- 15. Form 6.27 = Debtors Petition for bankruptcy
- 16. Form 6.28 = Statement of Affairs (Debtors Petition)
- 17. FS = Financial Statement
- 18. FCBA = Fair Credit Billing Act
- 19. FCRA = Fair Credit Reporting Act
- 20. FDCPA = Fair Debt Collection Practice Act
- 21. JDB = Junk Debt Buyer
- 22. PoD = Proof of Debt
The above list only contains a few of the debt abbreviations normally used. If you want more of the said debt abbreviations, you can find them in the World Wide Web where a broader range and lists are being given out for reference. But some private sectors like banks have their own debt and credit abbreviations being used for privacy. The said abbreviations may not be easy to understand for the people who were not in this scheme but when you get on with banks especially with credits and loans, it is best to know and learn their importance.
Here are more to know as well:
ADSCR Annual Debt Service Cover Ratio ADSCR Average Debt Service Coverage Ratio AOD Acknowledgement of Debt APMDD Asia Pacific Movement on Debt and Development BDD Bad and Doubtful Debts BDM Banking and Debt Management CCDR Canadian Customer Debt Relief CDARC Corporate Debt Restructuring Advisory Committee CDIAC California Debt and Investment Advisory Commission CDO Collateralized Debt Obligation CDO Callable Debt Obligation CDPO Constant Proportion Debt Obligation CDR Corporate Debt Restructuring CFD Cash Flow to Debt (finance/accounting) CGGD Central Government Gross Debt CMCDO Constant Maturity Collateralized Debt Obligation (finance) CMLTD Current Maturing Long-Term Debt COBOLD Corporate Bond Linked Debt COD Cancellation of Debt CPDO Constant Proportion Debt Obligation CPLTD Current Portion of Long-Term Debt D/I Debt to Income ratio DACF Debt-Adjusted Cash Flow (oil & gas valuation metric) DBAI Debt Buyers Association International DBR Debt Burden Ratio (finance) DC Debt Collector DCA Debt Collection Agency DCC Debt Consolidation Counseling DCIA Debt Collection Improvement Act DCM Debt Capital Markets DCMDC Division of Credit Management and Debt Collection (student financial aid) DCMS Debt Collection Management Service (student financial aid) DCR Debt Coverage Ratio DCS Debt Collection Services (various organizations) DCS Debt Collection System DCS Debt Clearing Services DDSR Debt and Debt Service Reduction (finance) DECS Debt Exchangeable for Common Stock (investment product) DFG Debt Financial Group DFNSI Debt-for-Nature Swap Initiative (forestry) DI Debt Indicator DMFAS Debt Management and Financial Analysis System DMP Debt Management Plan DMP Debt Management Program DMSC Debt Management Servicing Center DNFD Domestic Non-Financial Debt DRLC Debt Relief Legal Clinic (various organizations) DRLC Debt Reduction Law Center DRP Debt Relief Plan DRP Debt Reduction Planner DS Debt Service DSC Debt Service Coverage DSCA Debt Service Coverage Account DSCR Debt Service Coverage Ratio DSD Deed to Secure Debt (mortgage type) DSDA Debt Service Deposit Agreement DSMG Debt Service Management Group DSR Debt Service Ratio DSRA Debt Service Reserve Account DSRF Debt Service Reserve Fund DSRF Debt Service Reserve Facility (project finance) DSU debt service undertaking DTA Debt to Total Assets DTI Debt to Income (ratio) DTIR Debt To Income Ratio EDRP Education Debt Reduction Program (Department of Veterans Affairs) EDS External Debt Statistics EMD Emerging Market Debt FAMT Face Amount (debt instrument) FDCPA Fair Debt Collection Practices Act FDMS Federal Debt Management Services FDN Final Demand Notice (debt collection) FDPA Fair Debt Practicing Act FOD Forgiveness of Debt GDD Gross Domestic Debt (economics) GDIF Global Debt Issuance Facility GDMU Government Debt Management Unit (various locations) GDS Gross Debt Service (ratio) GDSC Global Debt Service Coverage GDSR Gross Debt Service Ratio (mortgage eligibility) GEDM Global Electronic Debt Market GLTDAG General Long-Term Debt Account Group HYDO High Yield Debt Obligation IAPDA International Association of Professional Debt Arbitrators IBD Interest Bearing Debt (finance) IBODI Investments in Bonds and Other Debt Instruments IDCM International Debt Capital Markets (International Assets Holding Corporation) IDDF International Distressed Debt Fund (Lend Lease) IDEM Index, Debt and Energy Market IDRWG Improving Debt Recovery Working Group ILB Inflation Linked Bond (financial debt instrument) JDB Junk Debt Buyer JSD Junior Secured Debt KD Cost of Debt LTDE Long-Term Debt to Equity (finance ratio) LTDTA Long-Term Debt-to-Total-Assets LTPD Long-Term Private Debt MADS Maximum Annual Debt Service MDCG Money Debt & Credit Group PLC MIDS Monthly Income Debt Securities MSTD Municipal Short Term Debt ND Net Debt (financial management) NDAC National Debt Awareness Campaign NFD Net Financial Debt NIBD Net Interest Bearing Debt NLDC National Legal Debt Centers, Inc. (consumer advice) ODWO Overdue Debt Written Off OPD Orderly Payment of Debts PBD Provision for Bad Debts PDCR Personal Debt Coverage Ratio (underwriting) PDD Provision for Doubtful Debts PDM Public Debt Management PDS Private Debt Securities PSND Public Sector Net Debt QUIDS Qualified Income Debt Securities RBD Reserve for Bad Debts RBDA Recommendation for Bad Debt Adjustment RDRP Rapid Debt-Repayment Plan ROD Return On Debt SDRM Sovereign Debt Restructuring Mechanism (International Monetary Fund program) SDRS Student Debt Reduction Solution SFDO Synthetic Forward Debt Obligation STD Short Term Debt (finance) TCMD Total Credit Market Debt (economics) TDR Troubled Debt Restructuring TDR Total Debt Ratio TDS Total Debt Service (Ratio) TDTA Term Debt to Total Assets TPDO Third Party Debt Order (legal order) UDFI Unrelated Debt-Financed Income VRDI Variable Rate Debt Instrument (finance) WADSCR Weighted Average Debt Service Coverage Ratio WGTDF Working Group on Trade, Debt and Finance (World Trade Organization)
Similar Posts:
