Q define debtdebttotal amount of money owed by a company, Ask an Expert

Economics

Q. Define Debt?

Debt:Total amount of money owed by a company, individual or other organization to banks or other lenders is their debt. It represents accumulated total of past borrowing. When it's owed by government, it is known as public debt and it signifies accumulation of past budget deficits.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9579151

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