Question
Debt is an amount of money borrowed by one party from another. It is used by many individuals and corporations as a method of making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
This question was asked on:
From the staggering $1.78 trillion in federal and private student loan debt to the $11.92 trillion owed on mortgages, the world of loans and debts is a labyrinth that millions navigate daily. But what happens when the labyrinth becomes a trap? What happens when the numbers become too big, the interest rates too high, and the debts too overwhelming?
Receive new free presentations every Monday to your inbox.
Full content, complete versions — No credit card required.
