Acquisition Debt Law and Legal Definition
Acquisition debt means a mortgage debt or a loan that is used to buy, build, or substantially improve a primary residence or second home. The interest that is paid towards the loan can be deducted from the taxable income.
Legal Definition list
- Acquisition Credit
- Acquisition Cost of Equipment [Education]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Assistance [Transportation]
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Debt
- Acquisition Fee
- Acquisition Indebtedness
- Acquisition Loan [HUD]
- Acquisition of Ownership (Trademark)
- Acquisition Planning
