Economic Debt

AKA: Loan.
Context:
- It can range from being a Personal Debt (such as a household debt) to being a Business Debt.
- It can range from being a Short-Term Loan to being an Intermediate Loan to being a Long-Term Loan..
- It can range from being a Self-Liquidating Debt to being a Non-Self-Liquidating Debt.
- It can range from being a Securitized Loan to being an Unsecuritized Loan.
- It can range from being a Delinquent Debt to being an Active Debt.
- …
Example(s):
- a National Government Debt, or a Provincial-State Debt.
- a Home Mortgage, such as a delinquent home mortgage.
- a Credit Card Debt, such as is associated with delinquent credit card debt.
- an Auto Loan Debt, such as is associated with delinquent auto loan debt.
- …
Counter-Example(s):
- Personal Favor.
- Economic Asset.
- Economic Liability.
- A Monetary Instrument?
See: Quid-Pro-Quo, Credit System, Economic Transaction, Income, Savings, Arrears.

References

Chat
- an economic debt can be described as a fixed financial commitment of quantifiable monetary value owed by one economic agent (the debtor) to another economic agent (the creditor). Debt arises from borrowing, where the debtor receives an initial amount of money or assets from the creditor and agrees to repay the principal amount along with any interest or fees over a specified period of time. This financial arrangement is typically formalized through a contract or agreement, which outlines the terms and conditions of the debt, including the payment schedule, interest rate, and any penalties for late or missed payments. Economic agents can include individuals, businesses, or governments, and debt can take various forms, such as loans, bonds, or mortgages. ...

http://en.wikipedia.org/wiki/Debt
- A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.^{[citation needed]}
  A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in modern society, in most cases, this includes repayment of the original sum, plus interest.^[1]
  In finance, debt is a means of using anticipated income and future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc.
- A sum of money that is owed or due to be paid because of an express agreement; a specified sum of money that one person is obligated to pay and that another has the legal right to collect or receive. A fixed and certain obligation to pay money or some other valuable thing or things, either in the present or in the future. In a still more general sense, that which is due from one person to another, whether money, goods, or services. In a broad sense, any duty to respond to another in money, labor, or service; it may even mean a moral or honorary obligation, unenforceable by legal action. Also, sometimes an aggregate of separate debts, or the total sum of the existing claims against a person or company. Thus we speak of the "national debt," the "bonded debt" of a corporation, and so on.