Difference between revisions of "Debt"
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==Etymology== | ==Etymology== | ||
[https://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]]. | [https://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: [ | + | *Date: [https://www.wikipedia.org/wiki/13th_Century 13th century] |
<center>For lessons on the [[topic]] of '''''Debt''''', follow [https://nordan.daynal.org/wiki/index.php?title=Category:Debt '''''this link'''''].</center> | <center>For lessons on the [[topic]] of '''''Debt''''', follow [https://nordan.daynal.org/wiki/index.php?title=Category:Debt '''''this link'''''].</center> | ||
==Definitions== | ==Definitions== | ||
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'''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]]. | '''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 [ | + | 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 [https://en.wikipedia.org/wiki/Indentured_servant indentured servants]. |
[[Category: Economics]] | [[Category: Economics]] | ||
Latest revision as of 23:43, 12 December 2020
Etymology
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: 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 indentured servants.
