Question

what do you mean by private Dept

Answer 1

Debt is a situation where you add on a new debt in order to pay an existing debt. Generally, when the firm in overlevereged all the credit sources are exhausted, firm arrives at a situation of debt .

Answer 2

Heya...

Here's your answer......

Private debt is the debt accumulated by individuals or private businesses. Private debt can take numerous forms; a personal loan, credit card, corporate bond or business loan for instance.

Thanks...!!!

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Sorry baby 'wink'