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Preferred term

debt  

Definition

  • DEBT IS AN AMOUNT of money that is owed, measured in a single snapshot of time, as a result of previous borrowing. Debt is a stock concept, as opposed to flow concepts in economics, which are expressed over certain periods of time. [Source: Encyclopedia of World Poverty; Debt]

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URI

https://concepts.sagepub.com/social-science/concept/debt

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