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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 ...
Unsecured debts are sometimes called signature debt or personal loans. [2] These differ from secured debt such as a mortgage , which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned ...
Cambridge Advanced Learner's Dictionary 3rd Edition CD-ROM. The Cambridge Advanced Learner's Dictionary (abbreviated CALD) is a British dictionary of the English language. It was first published in 1995 under the title Cambridge International Dictionary of English by the Cambridge University Press. The dictionary has over 140,000 words, phrases ...
In economics, consumer debt is the amount owed by consumers (as opposed to amounts owed by businesses or governments). It includes debts incurred on purchase of goods that are consumable and/or do not appreciate.
A debt management plan can be extremely helpful in your efforts to overcome debt. You might be a good candidate if you: Have multiple high-interest, unsecured debts such as credit cards or ...
Household debt in Great Britain 2008-10. Household debt is the combined debt of all people in a household, including consumer debt and mortgage loans.A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012.
The Oxford English Dictionary (OED) is the principal historical dictionary of the English language, published by Oxford University Press (OUP), a University of Oxford publishing house. The dictionary, which published its first edition in 1884, traces the historical development of the English language, providing a comprehensive resource to ...
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