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2. Loan - Wikipedia

   en.wikipedia.org/wiki/Loan

   The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date

3. Debt - Wikipedia

   en.wikipedia.org/wiki/Debt

   Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, local government , company , or an individual.

4. Debtors' prison - Wikipedia

   en.wikipedia.org/wiki/Debtors'_prison

   A debtors' prison is a prison for people who are unable to pay debt. Until the mid-19th century, debtors' prisons (usually similar in form to locked workhouses) were a common way to deal with unpaid debt in Western Europe. [1]

5. What is a 1099-C Cancellation of Debt form? - AOL

   www.aol.com/finance/1099-c-cancellation-debt...

   This form is a tax document that the lender is required to file. ... All of these canceled debts could generate a 1099-C form, meaning you might have to pay debt forgiveness or settlement tax ...

6. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   Generally, any creditor canceling debt of $600.00 or more is required to file Form 1099-C by January 31 of the next year following the date when the debt was canceled. [ 7 ] The creditor may be a lending institution, the subsequent holder of a note, a trustee for multiple owners of a single note or a governmental unit, but also includes ...

7. How a personal loan can help you recover from holiday credit ...

   www.aol.com/finance/personal-loan-help-recover...

   How to pay off credit card debt with a personal loan The process for paying off credit card balances with a personal loan is fairly simple. First, add up your holiday credit card balances so you ...

8. Legal tender - Wikipedia

   en.wikipedia.org/wiki/Legal_tender

   Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. [1] Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the ...

9. Nexum - Wikipedia

   en.wikipedia.org/wiki/Nexum

   Nexum was a form of mancipatio, a symbolic transfer of rights that involved a set of scales, copper weights and a formulaic oath. [3] [verification needed] It remains unclear whether debtors entered into a nexum contract initially with their loan or if they voluntarily did so after they could not pay off an existing debt. [2]