Solve your doubts and expand your knowledge with IDNLearn.com's extensive Q&A database. Ask any question and receive comprehensive, well-informed responses from our dedicated team of experts.
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 value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Find clear answers at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.
