What is Debt?

[f150]

To me, the debt is like an agreement agreed between the borrower and the owner of the money, so the borrower must have an obligation to return the money or goods at any due date what the owner gave when borrowing

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[Surge_Dev]

It is the borrower's obligation to return the money, shares or other valuables, taken for the certain period of time. Often, it is necessary to return not only the amount taken from the creditor, but also the remuneration, on whose terms the loan was made

[Michaelpascual]

Debt is when you pleasing a person or a company to give you some money or a thing and when you receive it  the owner is giving you a due date to pay it off . It is also all about when you have nothing at all, like for instance money.

[HI KITTY]

I found this an interesting interview about the history of money and debt.
 Check it out.

What is Debt? – An Interview with Economic Anthropologist David Graeber

David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5,000 Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland.

Philip Pilkington: Let’s begin. Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?

David Graeber: Yes there’s a standard story we’re all taught, a ‘once upon a time’ — it’s a fairy tale.

very well said, thanks for this article which give me some insights about the history of money and debt.

[georgiasus]

Just a huge article, I could not fully get acquainted with it. But to admit those thoughts and ideas that he can tell us.

[Osakrita]

Interesting article, Anthropologist gives the subject a new twist.we now live in a debt-driven economy I would say, if everyone pays their debt, the money will disappear.

[SkyFlakes]

Debt, generally, can be seen as all of the money owed or borrowed by a person to another persom that is agreed to be paid in a given time with an interest to be paid of. This process is normal here in our place. There are some people who are depending in borrowing money to other. I always believe that this practice isn't a good thing to do or not a good thing to become a habit. We should not be contented that we can have money, let's aim for something that we wouldn't borrow money again.

[Irwandho]

Another important feature in debt financing is that the loan is secured or collateralized with the assets of the company taking the loan. This is usually part of the secured loan. If the loan is unsecured, the line of credit is usually less.

I remember we were taught this at school and
Barter trade associations use it to promote themselves.
I read it last night when I had a fever but the first part I read was very interesting, especially the part about bartering that came before money became a fairy tale.

[squog]

I found myself overwhelmed by the information in this article. But after digesting the information, i fond myself knowing more that i did before. I think i learned more about debt and finance now than i did a few minutes ago.

[Nanot]

I found this an interesting interview about the history of money and debt.
 Check it out.

What is Debt? – An Interview with Economic Anthropologist David Graeber

David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5,000 Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland.

Philip Pilkington: Let’s begin. Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?

David Graeber: Yes there’s a standard story we’re all taught, a ‘once upon a time’ — it’s a fairy tale.

Debt is things that we asked when you are need help in able to sustain and give a daily needs . Debt also consider as a payments that we are able to pay because its is needed as you borrowed money or any thing in other persons or such campanies in a reasonable thing. Many of it has a percentage of debt as an a profit for the people whose given the money to the borrowers.

[Incodium Coin]

Interesting article, not one of those you brush away. l had to store so l can read again, interesting to know the origins of debt.

[spongegar]

That is a nice article. We've always asked that all the countries have their national debt but who exactly are they in debt to? Also it's nice to know (or horrible) the very cyclic nature of debt in yhe economy. I just hope i don't get in on that cycle for too long and immedietly pay for mine.

[Naughty Princess]

To me, the debt is like an agreement agreed between the borrower and the owner of the money, so the borrower must have an obligation to return the money or goods at any due date what the owner gave when borrowing

Debt is something to be paid off because the owner of it work hard for it. Sometimes it has interest but mostly no depends on the agreement of both side. Debt is like loaning but it is come from a certain person not in an organization. Someone making debt and pay instantly but some are not and making it grow before turning it.

[RudeeTam]

For me, simply it's spending money that you don't have. Credits cards are the number one source of debt for most people. I read somewhere that the actual total global debt is money that doesn't even exist yet.

[Bumblecoin]

I found this an interesting interview about the history of money and debt.
 Check it out.

What is Debt? – An Interview with Economic Anthropologist David Graeber

David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5,000 Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland.

Philip Pilkington: Let’s begin. Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?

David Graeber: Yes there’s a standard story we’re all taught, a ‘once upon a time’ — it’s a fairy tale.

Self control is the remedy or the way to prevent debt. You must control yourself and just buy or acquire the things you need and minimize the your wants.

[Brangos99]

Debt is the obligation of a business entity / company to a third party that is paid by submitting an asset or service within a certain period as a result of past transactions.

[Nayborksta]

I always thought that debt was made when banks started to print banknotes that weren't backed backed by the gold in their vaults. Great read either way.

[BagzMM]

I found this an interesting interview about the history of money and debt.
 Check it out.

What is Debt? – An Interview with Economic Anthropologist David Graeber

David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5,000 Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland.

Philip Pilkington: Let’s begin. Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?

David Graeber: Yes there’s a standard story we’re all taught, a ‘once upon a time’ — it’s a fairy tale.

Thank You for posting this very interesting article that gives us knowledge about debt. It awakens our minds!

[fullhdpixel]

For me, simply it's spending money that you don't have. Credits cards are the number one source of debt for most people. I read somewhere that the actual total global debt is money that doesn't even exist yet.

Until we start seeing people seeing the need to only live beyond their means, this is something that cannot be gotten rid of. Debt has become a norm for most developed worlds as the nation apparently use that as a way to bottle up most people anyway into living their lives fully indebted to the government and one way as well for some countries, when it comes to international relations find themselves in this hole at the end.

[dimiinx]

debt according to what I know is someone who agrees to borrow but after borrowing money or goods the person does not pay it or redeems it by returning or delaying to return the money or property he borrowed