A debt is an obligation owed by one party — the debtor, the borrower, or, potentially, an Issuer of Debt — to a second party — the creditor, lender, or, potentially, an Investor in debt. Examples include loans and promissory notes. The relates solely to debt instruments. See our “Debt Investment Overview” and “Forms of Lending” articles for a description of different types of loans.
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by bsmith@carofin.com | Feb 22, 2019
