Debt Class

The Debt Class (DEBTCLS) page allows you to establish Debt Classes that can be assigned to debt authorizations and debt instruments when classification is needed for reporting or workflow. Use of the Debt Class rollup is optional and can be used to represent any grouping or additional information necessary when valid values have to be chosen instead of free-form information.

Each Debt Class record must be assigned to one of the three values in the Major Type of Debt field. This assignment allows transactions in Debt Management to present (and edit) only Debt Class values that match the Major Type of Debt of the transaction.

Field Level InformationField Level Information

Field Name	Field Description
Major Type of Debt	A required choice to associate a debt class with one of the three choices: Loan, Lease, or Bond.
Debt Class	A required unique identification of a debt class.
Name	A required text field for assigning a name to a debt class code for identification and reporting purposes.
Short Name	A required short text field for assigning short name to a debt class code for identification and reporting purposes.
Description	An optional long text field for defining additional information about a debt class for identification and reporting purposes.