What Is Debt?

added blog Personal Finance

2025-10-28 16:29:35 -

What Is Debt?

What Is Debt? Debt is a fundamental part of modern finance and economics. It influences how governments function, how businesses grow, and how individuals manage their personal finances. At its simplest, debt is money that you owe to someone else — whether that’s a lender, a bank, a supplier, or even a friend. But beyond that basic definition lies a complex system of obligations,...

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