Home  | Term of the Day | |||
| debt An amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an amount owed by a specific date, which is set forth in the repayment terms. | ||||
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| Usage Example I had a lot of student debt built up and I needed to pay it off within the next few months, or I would be doomed. | ||||
Term of the Day
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Join date : 2013-01-12
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