16.5k views
0 votes
How to explain debt

2 Answers

4 votes

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

Step-by-step explanation:

User Apoorv Saxena
by
7.7k points
4 votes

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.

User Shadowhand
by
7.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.