Is that true ?? ... Wikipedia said ... A debt is an obligation - TopicsExpress

Is that true ?? ... Wikipedia said ... A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor. A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment. In finance, debt is a means of using anticipated FUTURE purchasing power in the present before it has actually been earned.

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