Wash. Admin. Code § 390-24-110 - Definition-Debt
(1) For the purpose of
RCW
42.17A.710(1)(c), the term
"debt" means and includes a personal obligation or liability to pay or return
something of value.
(2) The term
"debt" as used in
RCW
42.17A.710(1)(c) shall not
be deemed to include:
(a) An account payable
of a business entity in the ordinary course of such entity's business;
or
(b) A contractual promise as
guarantor of a debt.
Notes
Statutory Authority: RCW 42.17A.110. 12-03-002, § 390-24-110, filed 1/4/12, effective 2/4/12. Statutory Authority: RCW 42.17.370(1). 86-08-030 (Order 86-02), § 390-24-110, filed 3/26/86; Order 62, § 390-24-110, filed 8/26/75.
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