Pure debt

Also found in: Financial.

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.

References in periodicals archive ?
However, FMPs are pure debt funds and mostly managed passively.
We might go to the market with a pure debt product at some point in the future.
We expect that for every $1 million of external pure debt financing raised, we can generate, on a full year basis, approximately $2.
The dashed line lists the payoff for the pure debt and equity case.
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.