Tip - Debt Definition | Investopedia

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Debt Definition | Investopedia

An amount of money borrowed by one party from another. Many corporations/individuals use debt as a method for 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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Posted: 9 years, 5 month(s) ago

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