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==Etymology==
[http://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] dette, debte, from Anglo-French dette something owed, from Vulgar [[Latin]] *debita, from Latin, plural of debitum debt, from neuter of debitus, past participle of debēre to owe, from de- + habēre to have. The letter b in the word debt was reintroduced in the 17th century, possibly by [[Samuel Johnson]] in his Dictionary of 1755— several other [[words]] that had [[existed]] without a b had them reinserted at around that [[time]].
*Date: [http://www.wikipedia.org/wiki/13th_Century 13th century]
==Definitions==
*1 : [[sin]], trespass
*2 : something owed : obligation <unable to pay off his debts>
*3 : a [[state]] of owing <deeply in debt>
*4 : the common-[[law]] [[action]] for the recovery of [[money]] held to be due
==Description==
'''Debt''' is that which is owed; usually referencing assets owed, but the term can also cover [[moral]] [[obligations]] and other [[interactions]] not requiring [[money]]. In the case of [[assets]], debt is a means of using [[future]] purchasing [[power]] in the present before a summation has been earned. Some companies and corporations use debt as a part of their overall corporate [[finance]] [[strategy]].
A debt is created when a creditor agrees to lend a sum of assets to a debtor. In modern [[society]], debt is usually granted with [[expected]] repayment; in most cases, plus interest. [[Historically]], debt was [[responsible]] for the [[creation]] of [http://en.wikipedia.org/wiki/Indentured_servant indentured servants].
[[Category: Economics]]
==Etymology==
[http://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] dette, debte, from Anglo-French dette something owed, from Vulgar [[Latin]] *debita, from Latin, plural of debitum debt, from neuter of debitus, past participle of debēre to owe, from de- + habēre to have. The letter b in the word debt was reintroduced in the 17th century, possibly by [[Samuel Johnson]] in his Dictionary of 1755— several other [[words]] that had [[existed]] without a b had them reinserted at around that [[time]].
*Date: [http://www.wikipedia.org/wiki/13th_Century 13th century]
==Definitions==
*1 : [[sin]], trespass
*2 : something owed : obligation <unable to pay off his debts>
*3 : a [[state]] of owing <deeply in debt>
*4 : the common-[[law]] [[action]] for the recovery of [[money]] held to be due
==Description==
'''Debt''' is that which is owed; usually referencing assets owed, but the term can also cover [[moral]] [[obligations]] and other [[interactions]] not requiring [[money]]. In the case of [[assets]], debt is a means of using [[future]] purchasing [[power]] in the present before a summation has been earned. Some companies and corporations use debt as a part of their overall corporate [[finance]] [[strategy]].
A debt is created when a creditor agrees to lend a sum of assets to a debtor. In modern [[society]], debt is usually granted with [[expected]] repayment; in most cases, plus interest. [[Historically]], debt was [[responsible]] for the [[creation]] of [http://en.wikipedia.org/wiki/Indentured_servant indentured servants].
[[Category: Economics]]