Debt - Wikipedia
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, local …
Debt: What It Is, How It Works, Types, and Ways to Pay Back
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 time with interest.
Is the United States on the brink of a debt crisis as America ...
5 days ago · U.S. debt: The U.S. now owes over $38 trillion, about $114,000 per citizen. Debt jumped $1 trillion in two months. Rising deficits and soaring interest costs are fueling concerns. The dollars …
What is debt? Here's how it works and the common types
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.
What Is Debt? (2025) | ConsumerAffairs®
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.
Debt Explained - consumer.gov
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.
What is debt? Definition, types and more - Capital One
May 17, 2023 · Debt is a part of life, but there are many types of debt. Learn more about what debt is and how it works.