definiens: of any Person means ( a ) any obligation of such Person for borrowed money, ( b ) any obligation of such Person evidenced by a bond, debenture, note or other similar instrument, ( c ) any obligation of such Person to pay the deferred purchase price of property or services, except trade accounts payable that arise in the ordinary cou rse of business, ( d ) any obligation of such Person as lessee under a capital lease, ( e ) any Mandatorily Redeemable Stock of such Person, ( f ) any obligation of such Person to repurchase securities or other property that arises out of or in connection with t he sale of the same or substantially similar securities or property, ( g ) any non -contingent obligation of such Person to reimburse any other Person in respect of amounts paid under a letter of credit or other Guaranty issued by such other Person, ( h ) any I ndebtedness of others secured by an Encumbrance on any asset of such Person and ( i ) any Indebtedness of others Guaranteed by such Person