definiens: means, with respect to any Person, ( a ) all obligations for borrowed money, ( b ) all obligations evidenced by bonds, debentures, notes o r similar instruments, ( c ) all Indebtedness of othe rs secured by any Encumbrance on owned or acquired property of the reference Person, whether or not the Indebtedn ess secured thereby has been assumed, ( d ) all guarantee s ( or any other arrangement having the economic eff ect of a guarantee ) of Indebtedness of others, ( e ) all capit al lease obligations and all synthetic lease obliga tions, ( f ) all obligations, contingent or otherwise, of such Perso n as an account party in respect of financial guara nties, letters of credit, letters of guaranty, surety bonds and ot her similar instruments, ( g ) all securitization tra nsactions, ( h ) all obligations representing the deferred and unpaid pu rchase price of property ( other than trade payables incurred in the ordinary course of business consistent with pas t practice ), ( i ) all obligations, contingent or oth erwise, in respect of bankers ’ acceptances and ( j ) net cash pa yment obligations of such Person under swaps, optio ns, derivatives and other hedging agreements or arrange ments that will be payable upon termination thereof ( assuming they were terminated on the date of deter mination )