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Pure debt

   Also found in: Financial 0.01 sec.

PURE DEBT. In Scotland, this name is given to a debt actually due, in contradistinction to one which is to become due at a future day certain, which is called a future debt: and one due provisionally, in a certain event, which is called a contingent debt. 1 Bell's Com. 315, 5th ed.



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If Singh is not convinced about buying pure debt instruments, he could choose balanced funds, such as HDFC Prudence, which offer a mix of equity and debt.
Correlation coefficients consistently show that straight noninvestment-grade bonds trade nearly as much like stocks as pure debt instruments.
Fitch, however, believes the rating of 'AA' for the Unocal and Pure debt is warranted due to the substantially stronger credit profile of Chevron and strategic importance of Unocal's assets to Chevron.
 
 
 
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