👉 "Debt" is a concept in economics, particularly related to financial obligations. It refers to any obligation that obligates an individual or entity to pay back some form of money or assets at some future date. This includes both personal debts and debts for goods and services, such as loans or mortgages. In more general terms, debt can refer to any financial liability that a person owes to another party, such as a bank, credit card company, or other financial institution. It is the obligation of
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What is the definition of Indebted? 🙋
👉 "Debted" is a term that can refer to various things, such as: 1. Being financially burdened or in debt. 2. Having debts or obligations due to one's financial situation. 3. Being engaged in or having an interest in something related to debt. 4. A person who owes money or has borrowed money. Each of these definitions would be used differently depending on the context and the intended meaning of "debted."
