Question

what do you mean by debts


​

Answer 1

Answer:

Debt is an amount of money borrowed by one party from another. ... 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.

Answer 2

Answer:

when a person takes up the loans and the interest rate got higher up then form which the recovery is very painful is called debts