certificate of no debt

USAGE SUMMARY

The term 'certificate of no debt' is correct and usable in written English.
You can use this term to signify that an individual has no outstanding debts. For example, "After providing the bank with the certificate of no debt, my loan application was approved."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Now MFY Legal Services is in court, claiming that the certificate of no harassment is invalid.

The New York Times

After a three-year wait, an owner can reapply for a certificate of no harassment.

The New York Times

New York State Certificate, $57.4 million of debt securities.

The New York Times

The following tax-exempt fixed-income issues are scheduled for pricing this week: TAX EXEMPT ONE DAY DURING THE WEEK Charleston, S.C., school district, certificate of participation, $110 million of debt securities.

The New York Times

Most important, the Vivendi deal will leave USA with no debt, $3.4 billion in cash (and all sorts of stock certificates of the parent and subsidiaries) that can finance Mr. Diller's acquisition plans.

The New York Times

Over all, 41percentt of the students who earned a degree or certificate in the 2007-8 academic year — and 34percentt of those who received bachelor's degrees — graduated with no debt.

The New York Times

The product of the analysis was a model of consumer indebtedness using personal unsecured debt versus no debt.

Journal of Economic Psychology

Third, let banks meet this capital requirement by issuing subordinated debt (such as uninsured certificates of deposit: in effect, debt which will not be recovered if the bank fails).

The Economist

There would be no contract, no certificate of authenticity.

The New Yorker

In his view a straightforward purchase, with a recent certificate stating the property has no debts, does not warrant the hiring of a lawyer.

The New York Times

This is an illegal second dwelling with no certificate of occupancy, he said, and added that Mr. Nealon had no certificate for his pool, either.

The New York Times

Expert writing Tips

Best practice

When requesting a "certificate of no debt", clearly specify the institution or organization that requires it to avoid any ambiguity.

Common error

Don't assume a "certificate of no debt" is the same as a credit report or a certificate of solvency. Each document serves a different purpose and provides distinct financial information.

Linguistic Context

The phrase "certificate of no debt" functions as a noun phrase, specifying a document that certifies the absence of any financial debts. While Ludwig indicates the term is correct and usable, its infrequent appearance suggests it might be replaced by more common alternatives in certain contexts.

Expression frequency: Missing

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Ludwig's WRAP-UP

In summary, "certificate of no debt" refers to an official document verifying the absence of outstanding debts. Ludwig confirms its grammatical correctness but indicates its infrequent usage. While the phrase is understandable, related phrases like "debt clearance certificate" or "certificate of solvency" might be more commonly encountered. When using the phrase, ensure clarity with the requesting institution and avoid confusing it with other financial certificates. The absence of examples demonstrates a need for careful consideration of its applicability in various professional contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

debt clearance certificate

This alternative directly replaces "no debt" with "debt clearance", emphasizing the act of clearing debt.

proof of debt-free status

This alternative emphasizes the state of being free from debt rather than a certificate, highlighting the condition itself.

certificate of solvency

This uses a more formal term, "solvency", which refers to the ability to pay debts, rather than specifically stating no debt exists.

financial clearance certificate

This term broadens the scope to general financial clearance, which could include debt but isn't limited to it.

letter of debt discharge

This refers to a document confirming that a debt has been fully paid or discharged, indicating a past debt that is now resolved.

confirmation of zero balance

This alternative emphasizes that all accounts related to the individual have zero balance.

statement of no outstanding liabilities

This uses a more formal tone and focuses on the absence of liabilities, a broader term than just debt.

certificate of financial standing

This phrase focuses on the overall financial health and stability of the individual or entity, which may or may not imply the absence of debt.

document verifying debt absence

This is a more descriptive and less formal way of referring to the certificate, focusing on its purpose.

official declaration of being debt-free

This emphasizes the act of declaring one's debt-free status, rather than a physical certificate.

FAQs

What is a "certificate of no debt" used for?

A "certificate of no debt" is typically used as proof that an individual or entity has no outstanding financial obligations. It may be required for loan applications, property transfers, or other financial transactions.

Where can I obtain a "certificate of no debt"?

The process for obtaining a "certificate of no debt" varies depending on the context. It may be issued by a bank, financial institution, or government agency after verifying that all debts have been settled.

What documents are similar to a "certificate of no debt"?

Similar documents include a "debt clearance certificate", "certificate of solvency", or a statement from a creditor confirming that a debt has been fully paid.

How is a "certificate of no debt" different from a credit report?

A "certificate of no debt" confirms the absence of current debts, while a credit report provides a history of an individual's borrowing and repayment behavior, including both positive and negative information. A credit report does not guarantee "debt clearance".