Question

Debt is _____. cash borrowed from a credit card account. a bonus from the credit card company for being a good customer. an amount of money that is owed to a bank, credit card company, store, or another individual. a loan used to pay for a house, car, or another large item.

Answer 1

Debt is an amount of money that is owed to a bank, credit card company, store, or individual, a loan used to pay for a car, house or another large item. In Wikipidea, debt is something owed by one party, the borrower, the the borrower or debtor, to a second party, the lender or creditor.