Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, …

Jun 28, 2025 · What Is Debt? Debt is a financial obligation that must be repaid. In the modern world, a debt may be a large sum of money borrowed for a major purchase and repaid over …

Dec 19, 2025 · Debt is money that is borrowed and then owed to a lender. If a debt is owed by an individual (rather than a business, for example), it's often simply called personal debt or …

Mar 4, 2024 · In short, debt is the money you owe to someone or something. It's money that you borrowed and must pay back, according to the Consumer Financial Protection Bureau.

Dec 19, 2025 · debt, something owed. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest.

Debt is when you owe money to someone, like having a loan or a credit card balance. If you can’t pay back your debt, there are things you can do to help yourself.

Jun 19, 2025 · What’s the difference between good and bad debt? Good debt builds credit or equity. Bad debt drains your money without long-term benefit.

Household Debt Hits $18.59 Trillion in Third Quarter; Mortgage Originations Tick Up Total household debt increased by $197 billion to reach $18.59 trillion in the third quarter, according …

Dec 26, 2025 · The size of the national debt matters. But so does who America’s lenders are — and that is changing.

Dec 3, 2024 · The increase in gross national debt over the past year amounts to $6,566.84 per person or $16,574.81 per household. Total gross national debt amounts to $112,881 per …