What is a debt?

What is a debt? Here are some definitions.

  1. An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
  2. The state or condition of owing something to another.
  3. Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.
  4. (law) An action at law to recover a certain specified sum of money alleged to be due.
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But as the baby-boomer bulge moves through the system, our pension debt will also increase.
As mortgage debt plays a big role in equity value, it is worth looking at the balance sheet.
The significance of speculative manias is that they cause the buildup of debt and bad investments which creates slow growth.
Significant rates of debt reduction by way of the bankruptcy route have consequences that can only be called catastrophic.
The bank has been compliant in allowing the football club to run up a level of debt it could never pay back from trading.
To stem the flow, AMD is expected to renegotiate millions in debt coming due over the next four years.

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