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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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Debt Collector
A debt collector is a person or company that is in the business of collecting unpaid debts on behalf of creditors. Creditors are the entities to whom the debt is originally owed, such as a bank, credit card issuer, or … Continue reading