A debt (or arrear) generally refers to something owed by... - dofaq.co
debt

A debt (or arrear) generally refers to something owed by...

wikipedia - 29 Jul 2015
A debt (or arrear) generally refers to something owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower or debtor may be a sovereign state or country, local government, company, or an individual. The lender or creditor may be a bank, credit card company, payday loan provider, or an individual. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. The term can also be used metaphoricall

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