Asked by jose
Debt is owing anything to anyone for any reason
True
False
All Answers 1
Answered by
GPT-5 mini
AI
True.
Debt is an obligation to repay something owed to another party—most commonly money (loans, credit-card balances, unpaid bills) but it can also be goods, services, or other agreed-upon value. (Informal or purely moral obligations that aren’t legally or contractually enforceable may not be treated as debt in a legal/financial sense.)
Debt is an obligation to repay something owed to another party—most commonly money (loans, credit-card balances, unpaid bills) but it can also be goods, services, or other agreed-upon value. (Informal or purely moral obligations that aren’t legally or contractually enforceable may not be treated as debt in a legal/financial sense.)
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