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 borrower permission to use the money with the condition that it will be paid back in the future, typically with interest and on a fixed schedule.
« Back to Glossary IndexDebt
« Back to Glossary Index
For Media Enquiries:
Theodora Birch, Media Relations
Email: [email protected]
Phone: +1 (929) 547-9415
For Licensing Enquiries:
Peter Nieforth, SVP Licensing
Email: [email protected]
Phone: +1 (929) 547-9723