barred debt meaning in Hindi

Examples

1. In absence of any such direction from the customer the banker has the right to use the payment at his discretion including the liquidation of a time barred debt.
2. Per a press release of January 30, 2012, the Federal Trade Commission accepted a settlement against debt buyer Asset Acceptance that included a $ 2.5 million penalty over several charges including Asset Acceptance's practices regarding time-barred debt.