Affidavit of Indebtedness Law and Legal Definition

An affidavit of indebtedness is a statement of how much a plaintiff believes that the defendant owes on a loan/ credit card etc. An affidavit of indebtedness is a sworn statement and states that the defendant is indebted for a certain sum of money to the maker of the affidavit. It further states that such repayment was due on a particular date and the defendant has not yet made or completed the payment. The indebted person may either make the concerned payment or otherwise deny the claims made in the affidavit.