Debt

Debt

Financial Jargon

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“Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor.” - Wikipedia Debt is basically something, typically money, that is owed to someone else. Sometimes referred to as a financial obligation Debt is the “condition of owing” - “thefreedictionary.com” Types of loans: mortgages, car loans, credit cards, student loans, medical bills, personal loan (maybe from a mob boss) He...
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“Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor.” - Wikipedia Debt is basically something, typically money, that is owed to someone else. Sometimes referred to as a financial obligation Debt is the “condition of owing” - “thefreedictionary.com” Types of loans: mortgages, car loans, credit cards, student loans, medical bills, personal loan (maybe from a mob boss) He...
Read More