what is the definition of debt?\nassets that help secure a loan\nthe amount of interest tied to a…
what is the definition of debt?\nassets that help secure a loan\nthe amount of interest tied to a loan\nmoney someone owes to a lender\nan increase in a credit limit
Answer
Brief Explanations:
Debt refers to an obligation of repayment of money. It is the amount of money that a borrower owes to a lender. Assets that help secure a loan are collateral. The amount of interest tied to a loan is a cost related to debt but not the definition of debt itself. An increase in credit - limit is not debt.
Answer:
money someone owes to a lender