How do you define debt?

Answer An understanding of what debt means is necessary to function in modern society. At some point or other, most people find themselves in some sort of debt. Debt involves owing something to someone el... Read More »

Top Q&A For: How do you define debt

Define Debt Forgiveness?

Debt forgiveness can relieve financial hardship by eliminating your liability for a portion of oustanding debts.

Define Debt Instrument?

Debt instruments are one of the most common financial instruments throughout the world, and a large amount of trade and financial negotiation depends on debt instruments as a whole. Typically, debt... Read More »

Define Debt Peonage?

According to Free Dictionary, debt peonage is a system in which workers get into debt and are then bound to servitude by the person to whom they are indebted. This system was used to take advantage... Read More »

Define Debt Factoring?

Debt factoring is a method of making sure that a company receives payment for the goods and services it sells. The idea behind factoring is that a company has a contract which gives it the right to... Read More »