How to explain debt

2 answers:

6 0

Many corporations and individuals use debt as a method of making large purchases that they could not afford under normal circumstances. In a debt-based financial arrangement, the borrowing party gets permission to borrow money under the condition that it must be paid back at a later date, usually with interest.

lubasha [3.4K]3 years ago

3 0

Answer:

Hers how you can explain dept: If someone asks you what is dept all you have to say is, Dept is whhen you pick up a credit card and use it. That makes you in dept with the company that your card belongs to. By a large amount of money

Explanation:

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