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The phrase "acknowledgment of indebtedness" is correct and usable in written English.
It can be used in contexts where one party recognizes or admits a debt or obligation to another party.
Example: "The contract included an acknowledgment of indebtedness, ensuring that both parties understood their financial responsibilities."
Alternatives: "recognition of debt" or "admission of obligation."
Similar(60)
That seems dangerously close to an acknowledgment of liability.
Acknowledgments - formal statements of indebtedness – in graduate theses and dissertations provide a rather unexplored area for demonstrating impact of the academic library on student learning.
Discharge of indebtedness; reporting requirements.
First, the scale of indebtedness is higher.
Bonds are merely certificates of indebtedness.
There is no transitive property of indebtedness.
§ 105-55.030 Discharge of indebtedness; reporting requirements.
And then there's the matter of indebtedness.
The era of indebtedness began with a cultural shift.
But he recoiled from any hint of indebtedness.
Today we are living in an era of indebtedness.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com