what is debt ? what was in debt ? why ?
Answers
Answer:
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Explanation:
Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of 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.
Answer:
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Explanation:
Debt means that one party has taken money from an other party .
Actually , in debt is a phrase .It is always used for that person who have taken debt. For eg. if one party has taken debt or loan from an other party then we can say that the first party is in debt.
lf the first party needs money then only they will take debt and then they will ask an another party for money and then they will give them debt.