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Clear That Credit-Killing Debt! PLR Articles Package!
Simply put: Debt is that which is owed; usually referencing assets owed, but the term can also cover moral obligations and other interactions not requiring money.
In the case of assets, debt is a means of using future purchasing power in the present before a summation has been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.
A debt is created when a creditor agrees to lend a sum of assets to a debtor. In modern society, debt is usually granted with expected repayment; in most cases, plus interest.
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