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The Meaning of Debt
Debt refers to the amount of money that a person, business, or government owes to a lender, such as a bank, creditor, or investor. It is typically a result of borrowing money, and the borrower is obligated to repay the … Continue reading
Posted in Financial Terminology, The Meaning of Debt
Tagged bank, Bankruptcy, Borrowing, budget, business growth, creditor, Debt, debt to equity ratio, Default, economy, financial crisis, financial distress, government spending, interest rate, investor, lender, long-term debt, Penalties, repayment period, secured debt, short-term debt, unsecured debt
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