Debt is an amount of money borrowed by one party from another, often for making large purchases that they could not afford under normal circumstances.
 | | Term of the Day | Words to Know | | |  | | Debt | | Debt is 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 borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest. | | Read More » | | SPONSORED BY INVESCO | | The Complete Guide to ETFs | | ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. | | Learn More » | | | Repayment | | Repayment is the act of paying back money borrowed from a lender in accordance with a loan's terms. | | Read More » | | | Maturity Date | | The maturity date is when a debt comes due and all principal and/or interest must be repaid to creditors. | | Read More » | | | Debt Consolidation | | Debt consolidation is the act of combining several loans or liabilities into one by taking out a new loan to pay off other debt. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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