spavit

Example:Once he repaid the debt, the spavit obligation no longer existed.

Definition:A legal or moral obligation to pay money, or a financial obligation that must be paid.

Example:The payment was made in cash to settle the spavit issuance.

Definition:The act of giving money in exchange for goods, services, or as fulfillment of a debt, or of giving what is due, as to creditors or the state.