Debt means anything that is either owed and/or due. The parties to any debt are referred to as lenders i.e. those who give, and borrowers or those who receive loan.
Usage
Debt is...
DefinitionIn economics, Okun's law is an empirically observed relationship between unemployment and losses in a country's production. The "gap version" states that for every...
DefinitionThe January barometer is the hypothesis that stock market performance in January predicts its performance for the rest of the year. So if the...
DefinitionJames McGill Buchanan Jr. was an American economist known for his work on public choice theory, for which he received the Nobel Memorial Prize...