A debt is a right by which a person called “the creditor” can demand payment or an asset from another person, “the debtor”, at a specific time. A debt is therefore a liability that a debtor must pay to a creditor.
A debt is a right by which a person called “the creditor” can demand payment or an asset from another person, “the debtor”, at a specific time. A debt is therefore a liability that a debtor must pay to a creditor.
