What is Debt?

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:

How I Ditched My Debt for Good

Is Your Debt Ratio Healthy?

Your DIY Financial Planning Guide

Ask An Advisor: How to Recover Financially From a Divorce

A Hands-On Way to Pay Down Debt 

How I Ditched My Debt for Good 

My First Step Out of Debt 

Get Out of Debt–It’s G.O.O.D. 

Web Tools for an Effective Debt Diet  

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