what is the meaning of debt
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- debt. A duty or obligation to pay money, deliver goods, or render service under an express or implied agreement. One who owes, is a debtor or debitor; one to whom it is owed, is a debtee, creditor, or lender.
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- adjective in·debt·ed \in-ˈde-təd\. : owing something (such as money or thanks) to someone or something : in debt.
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- national debt. 1. the financial obligations of a national government resulting from deficit spending. Also called public debt. Origin of national debt. 1775-1785.
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oweverb  [ T] owe meaning, definition, what is owe: to need to pay or give something to someone because they have lent money to you, or in…. Learn more.
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Debt A debt generally refers to something owed by one party, the borrower or debtor, to a second party, the lender or creditor. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.ommon types of debt owed by individuals and households include mortgage loans, car loans, and credit card debt. For individuals, debt is a means of using anticipated income and future purchasing power in the present before it has actually been earned.
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Government debt Government debt (also known as public interest, public debt, national debt and sovereign debt) is the debt owed by a government. By contrast, the annual government deficit refers to the difference between government receipts and spending in a single year.
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Definitions &Translations Freebase (0.00 / 0 votes) Rate this definition: Loan. In finance, a loan is a debt evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. A loan entails the reallocation of the subject asset for a period of time, between the lender and the borrower.
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What is 'Debt' What is 'Debt'. Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
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What is 'Credit' Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest. Credit also refers to an accounting entry that either decreases assets or increases liabilities and equity on the company's balance sheet.
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Definition of âdebt burdenâ - English Dictionary uk ​ us ​ also debt load. › ECONOMICS, FINANCE the amount of debt owed by a person, company, or country: The EU is participating in the initiative to ease the debt burden of the highly indebted poorer countries of the world. The company announced yesterday that it plans to sell off various parts of the business to reduce a debt burden of about $18bn. (Definition of “debt burden” from the Cambridge Business English Dictionary © Cambridge University Press)
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owe owe. vb (mainly tr). 1. to be under an obligation to pay (someone) to the amount of. 2. (intr) to be in debt: he still owes for his house. 3. (often foll by to) to have as a result (of): he owes his success to chance.
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Government debt Government debt. Government debt (also known as public interest, national debt and sovereign debt)[1][2] is the debt owed by a government. By contrast, the annual government deficit refers to the difference between government receipts and spending in a single year. Government debt can be categorized as internal debt (owed to lenders within the country) and external debt (owed to foreign lenders).
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- Definition of “revolving debt” - English Dictionary. “revolving debt” in Business English. revolving debtnoun [ U ] In 2006, the average American household carried about $7,200 in revolving debt (mostly on credit cards) and $21,000 in total debt. (Definition of “revolving debt” from the Cambridge Business English Dictionary © Cambridge University Press)
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owe owed, ow′ing. to have an obligation to pay; be indebted to the amount of; to have or feel the need to do, give, etc., as because of gratitude; to have or cherish (a certain feeling) toward another: now only in owe a grudge; to be indebted to someone for the existence of; Obs. to own; have; Origin of owe
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What is DEBT? A debt is a sum of money due by contract. It is most frequently due by a certain and express agreement, which fixes the amount, independent of extrinsic circumstances. But it is not essential that the contract should be express, or that it should fix the precise amount to be paid. U. S. v. Colt, 1 Pet. C C. 145, Fed.
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Debt Collection Communication Regulations A debt is a consumer’s obligation, or alleged obligation, to pay money from a transaction in which the transaction’s subject is primarily for personal, family or household purposes; A consumer is any natural person obligated, or allegedly obligated, to pay a debt; and.
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What is the difference between a debt and a liability? Answer A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- tha … t is a debt; something owed in the future.
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Resource Center The term national debt refers to direct liabilities of the United States Government. There are several different concepts of debt that are at various times used to refer to the national debt: Public debt is defined as public debt securities issued by the U.S. Treasury. U. S. Treasury securities primarily consist of marketable Treasury securities (i.e., bills, notes and bonds), savings bonds and special securities issued to state and local governments.
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All About Okanagan BC Fruit Beginning in early June we enjoy a list of fruits including different types of cherries, apricots, plums, peaches, lots different types of apples, nectarines, grapes, and pears fresh from the orchard trees, which have been growing here since the mid to late 1800's.
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- There are several different concepts of debt that are at various times used to refer to the national debt: Public debt is defined as public debt securities issued by the U.S. Treasury. u.
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Default (finance) The term default should be distinguished from the terms insolvency and bankruptcy.  1 Default essentially means a debtor has not paid a debt which he or she is required to have paid.  2 Insolvency is a legal term meaning that a debtor is unable to pay his or her debts. Illiquidity describes the fact that the debtor has only insufficient cash to pay his or her debts. Bankruptcy is a legal finding that imposes court supervision over the financial affairs of those who are insolvent or in default.
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debt Debt comes in several forms, but in the business world, bank loans and corporate or government bonds are the most common. Why It Matters Debt is a liability, meaning that the lender has a claim on a company’s assets. Debt due within one year is generally classified as short-term debt on a company’s balance sheet. Debt due in more than one year is considered long-term debt.
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Debt ratio Debt ratio. 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 (the sum of current liabilities and long-term liabilities) and total assets (the sum of current assets, fixed assets, and other assets such as 'goodwill').
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- What is 'Credit'. Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest. Credit also refers to an accounting entry that either decreases assets or increases liabilities and equity on the company's balance sheet.
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Bankruptcy Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.ankruptcy is filed when a person or a company becomes insolvent and cannot pay their debts as they become due and if they have at least $1,000 in debt. In 2011, the Superintendent of bankruptcy reported that trustees in Canada filed 127,774 insolvent estates.
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debt Definition of debt for English Language Learners. : 1  an amount of money that you owe to a person, bank, company, etc. : 2  the state of owing money to someone or something. : 3  the fact that you have been influenced or helped by someone or something.