Mercy Maranga writes content on Finance and Debt Management. Visit her site here for more information on Finance and how to effectively Manage your debts. Debt
Debts refer to what is owed. This can be in terms of assets, moral obligations as well as other forms that do not necessarily require money. A debt in reference to assets refers to the means of using future purchasing power in the present before a summation has been earned. A debt occurs when a creditor lends assets to a debtor. A creditor always expects a repayment with or without interest depending on the terms of the agreement. Often however, the repayment is always with interest.
Normally a debtor and a creditor agree on manner of repayment in what is known as the standard of deferred payment. Repayment of debts is normally in terms of a sum of money in units of currency. In other cases however, the repayment may be in terms of goods. Payment can be done in installments over a period of time or it can be paid once in a lamp sum at the end of a loan agreement.
A debt can be categorized as secured or unsecured, private or public, syndicated or bilateral. A secured debt is created when a borrower pledges an asset for example land as collateral for the loan. If the borrower defaults, the lender takes possession of the asset which he or she may sell to recover the money.
Unsecured debts have no collateral. A private debt is created when for example an individual goes for a bank loan while a public debt refers to financial instruments that are freely tradable on a public exchange.
- Related Articles
- Related Q&A
- Christian Debt Relief Debt Consolidation - Get Christian Debt Relief And Debt Consolidation Services To Help You Get Out Of Debt For Good
- Debt Relief - Debt Consolidation Loans
- Debt Relief: Debt Settlement Proven as Most Effective Program
- You Can Pay Off Your Credit Cards And Get Debt Relief - Debt Consolidation
- Debt Relief - Debt Settlement vs Mortgage Refinance
- Nashville Debt Relief - Debt Cures That Work
- Christian Debt Relief - Debt Consolidation vs. Debt Settlement
- Debt Relief for the Financially Challenged




Credit Card Debt - How to Eliminate 60% of Your Balance Through a Debt Settlement
By: Matt Couch | 08/11/2009For many of us, credit card debt is not only a recurrent payment, but also a recurrent hassle.
Debt Relief From Obama - How Federal Stimulus Money Has Made Debt Settlements Favorable
By: Matt Couch | 08/11/2009With the inauguration of a new president, also came a downturn in the economy.
Debt Settlements - Top 5 Things to Look For While Finding a Legitimate Debt Settlement Company
By: Matt Couch | 08/11/2009Once you have decided that debt settlement is the right decision for you and your family, then you must wade through the numerous legitimate and "fly-by-night" debt settlement companies.
Small Business Debt Relief - Options and Opportunities to Eliminate Your Unsecured Debt
By: Matt Couch | 08/11/2009Although the recent recession has hit the population as a whole, but no one has been hit as hard as the small business owner.
Debt Settlements - How Obama's Stimulus Money Has Made Debt Settlements So Popular
By: Matt Couch | 08/11/2009Having debts can be very irritating especially if you can't find any solution to pay your charges
Eliminate Credit Card Debt - How to Never Pay Back 60% of Your Credit Card Debt
By: Matt Couch | 08/11/2009Credit card debt seems to be one of the controversial problems that credit card holders are experiencing.
Debt Settlement Companies - How They Operate and Where to Find the Best Debt Settlements
By: Matt Couch | 08/11/2009Debt. It's a subject that now days seems to be on everyone's mind. Many today have found themselves in a bind when it comes to credit.
Credit Card Debts - How to Consolidate Then Eliminate All Credit Card Debt
By: Matt Couch | 08/11/2009Elimination of a credit card debt is a slow process. You will have to be very disciplined and regular in making repayments. If you have defaulted on repayment of dues, then your interest rate may increase and your grace period may drastically come down. This is the reason why people find it difficult to eliminate credit card debt.
Compare Mutual Funds, The Easy And Smart Way To Do It
By: Mercy Maranga | 06/11/2009 | InvestingIt can be difficult sometimes to find a reliable and safe way of investing. This is because many people may not be fully aware of the options that they have available in the market. However, the best thing to do when you decide to invest is to ensure that you are equipped with the necessary and proper facts.
Bond Mutual Funds- Best For Those Who Want Low Risk Investment
By: Mercy Maranga | 06/11/2009 | InvestingIn these tough economic times it is hard for you to trust a particular type of investment. Luckily, mutual bonds offer some sort of shelter during these times and give you a chance to still make money.
Best Mutual Funds, Tips On How To Select The Best
By: Mercy Maranga | 06/11/2009 | InvestingFinding a mutual fund that suits your needs can sometimes be tedious but once you get the right one, then you can have years of success and peace of mind. It is also important that you put the reason you want to invest and the kind of return you are expecting into consideration before committing yourself to this type of investment.
Mutual Funds, The Easy Way To Invest Your Money
By: Mercy Maranga | 06/11/2009 | InvestingThe term mutual fund is highly misunderstood by many people. It is basically a professional management of a collective investment plan from different investors who invest in stocks, bonds or other assets.
Home Loan Center - Your Dream Of Owning A House Can Finally Come True!
By: Mercy Maranga | 04/11/2009 | LoansWhen you are in the process of looking for the right lender who has the best offer, a home loan center offers you a one stop shop for all this and much more. They help you get information and the necessary assistance in order for you to get access to finances for your personal needs.
FHA Loans- This May Be The Way To Go For You To Finally Own A House
By: Mercy Maranga | 04/11/2009 | LoansYou may have heard of FHA loans but you may not fully understand how they work. The Federal Housing Administration has been helping people for many years by insuring the loans that are given by lenders to the borrowers.
Bank Student Loans - Simple And Sure Way To Get Money
By: Mercy Maranga | 04/11/2009 | LoansIt can be difficult when you are a student looking for financing to get the right lender. There are many lenders in the market but you have to get the one that can give you the best offer.