Description
What are the various types and forms of debt? Explain the advantages and disadvantages of the various debt instruments.
Explanation & Answer
Attached.
Running head: DEBT
1
Debt
Name
Institution Affiliation
DEBT
2
Various types and forms of debts
Debt is something mostly money that is owed or due. It is also an amount of money
that is borrowed from a financial institution or between one party from another. The parties
involved are the borrower and the creditor who agree to the terms and conditions of payment.
The types of debts include:
1. Unsecured debt- this type of debt does not include individual’s personal loan and ...
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