Answer / somashekar b

debt is a form of loan issued to the company by public or
the banks.

Answer / anuj sharma ( ibs-g)

The money due from one person to another , in which one
party is under obligatuion to pay certain sum of money at a
certain period.
Intrest is also paid to the lender along with principal.
Intrest is charged under profit and loss account and
principal under liability side of balane sheet.

Answer / surendra

tranafer of money from one person to another person under
an obligation to repay it

Answer / madhusudan rao

A Debt can be defined as an amount owed to a person or
organization for funds borrowed.
Debt can be represented by a note, bond, loan mortgage or
other form stating repayment terms and, if applicable,
interest requirements. These different forms all imply
intent to pay back an amount owed by a specific date, which
is set forth in the repayment terms and conditions of both
the parties.

Answer / pallavi

A debt is when you owe somebody money. Debts get bigger
every week if
you are also charged ‘interest’. Interest is an extra charge
on the original debt.

Answer / shreeram

Debt is a outsiders capital it has interest obligations it
is a long-term liability, which mature after one year.

Answer / prince

A debt can be defined to "An amount of money goods or
services to excess of expenditure over revenue of must be
repaid"

Answer / kavita

Debt is that which is owed; usually referencing assets
owed, but the term can also cover moral obligations and
other interactions not requiring money. In the case of
assets, debt is a means of using future purchasing power in
the present before a summation has been earned. Some
companies and corporations use debt as a part of their
overall corporate finance strategy.[citation needed]

A debt is created when a creditor agrees to lend a sum of
assets to a debtor. In modern society, debt is usually
granted with expected repayment; in many cases, plus
interest. Historically, debt was responsible for the
creation of indentured servants.

Answer / krishna

in any organization are business form with out taking out side money its may not run properly so the companies need some additional money this is called debt and is to be taken from banks and money lenders etc sources

Answer / sonam

A debt is that which one party(the debtor), owes to a second
party(the creditor). Debt is usually granted with expected
repayment,in modern society,in most cases of the original
sum plus interest.

What is 'central plan'?

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