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What is Debt? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

Debt is an amount of money owed by one party to another party. Debt can be represented by a loan note, bond, mortgage or other agreement that usually states repayment terms and, if applicable, interest requirements. 

 

See Also:

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Web Tools for an Effective Debt Diet  

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