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Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.[1] Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity.
The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value.[2] For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person.
^Superior Court of Pennsylvania (1894). "Brooke et al versus the City of Philadelphia et al". Weekly Notes of Cases Argued and Determined in the Supreme Court of Pennsylvania, the County Courts of Philadelphia, and the United States District and Circuit Courts for the Eastern District of Pennsylvania. 34 (18). Kay and brother: 348.
^"debt". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed...
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government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector.: 81 Changes in government debt over time...
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countries by government debt. Gross government debt is government financial liabilities that are debt instruments.: 81 A debt instrument is a financial...
Debt ratio is a financial ratio that indicates the percentage of a company's assets that are provided via debt. It is the ratio of total debt (short-term...
specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a...
A country's gross external debt (or foreign debt) is the liabilities that are owed to nonresidents by residents.: 5 The debtors can be governments, corporations...
subordinated debt (also known as subordinated loan, subordinated bond, subordinated debenture or junior debt) is debt which ranks after other debts if a company...
Venture debt or venture lending (related: "venture leasing") is a type of debt financing provided to venture-backed companies by specialized banks or non-bank...
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renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial...
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Debt deflation is a theory that recessions and depressions are due to the overall level of debt rising in real value because of deflation, causing people...
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Debt Clock is a billboard-sized running total display that shows the United States gross national debt and each American family's share of the debt....
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In finance, bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which...
Pakistan, circular debt is a public debt which is a cascade of unpaid government subsidies, which results in accumulation of debt on distribution companies...
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In international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should...
debt or domestic debt is the component of the total government debt in a country that is owed to lenders within the country. Internal government debt...