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Sagot :
The more "DEBT" used, the greater the leverage a company employs on behalf of its owners.
What is DEBT?
A debt is something that one party borrows from another, typically money. Many businesses and people utilize debt to finance significant expenditures that they would not normally be able to afford.
Some characteristics of DEBT are-
- An agreement to borrow money with the need that it be repaid at a later time, typically with interest, is known as a debt arrangement.
- Debt is money that one party borrows from another.
- Many businesses and individuals utilize debt as a means of financing significant purchases that they would otherwise not be able to make.
- In a financial agreement based on debt, the borrowing party is granted permission to borrow funds subject to the need that they be repaid at a later time, typically with interest.
- The four primary forms of debt are secured, unsecured, revolving, and mortgaged.
- Bonds are a type of debt that businesses issue to raise money.
To know more about debts, here
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