Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
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
brainly.com/question/11556132
#SPJ4
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
