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Home Glossary Debt

Debt

Money or another financial obligation owed by one person or organisation to another.

Related terms

  • Debtor

    A person or organisation that owes money to another party.

  • Liability

    A legal or financial obligation to pay money, compensate another party or meet another duty.

  • Creditor

    A person, business, lender or public body to whom money is owed.

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