Are loans - part of debts?

[breathlessz]

I'm unable to find a precise classification and/or similarity between the two words - debt and loan. Should we consider debts (where people are helped financially or in a way they want that help - and they need to pay it off either in instalments or at a go, be it through paper money or by any other means according to the agreement) as loans OR Is there anything that could help us classify both these terms and show some dissimilarities and differences between them?

One thing I have learned overtime is to see this from different perspective; but in simple terms, I do see it as a debt! Now depending on what you are using the cash to do and not using it on frivolous spendings. Your view as seeing the loan as debt will make you eager to want to pay it back/off soonest.

in a balance sheet, debt is categorized as passive assets, and debt itself has a repayment period, depending on the rules as well. sometimes paying off debt immediately, instead making our name worse in bank

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[Ranly123]

I'm unable to find a precise classification and/or similarity between the two words - debt and loan. Should we consider debts (where people are helped financially or in a way they want that help - and they need to pay it off either in instalments or at a go, be it through paper money or by any other means according to the agreement) as loans OR Is there anything that could help us classify both these terms and show some dissimilarities and differences between them?

Loan should be considered as debt because it's still should be paid by the debtor. I don't know exactly how to explain how they are similar but based on my own narrow understanding, yes there are similar in nature.

[spongegar]

Well, if you're asking a simple person like me, then I'd say that both loans and debts are the same. It just a fancy term.for the same beast. Much like lease and rent. Both the same bit one is seen on contracts the other on a sign board. Either way, someone will make a good distinction between the two.

[fauzan Ichsan]

Well, if you're asking a simple person like me, then I'd say that both loans and debts are the same. It just a fancy term.for the same beast. Much like lease and rent. Both the same bit one is seen on contracts the other on a sign board. Either way, someone will make a good distinction between the two.

right, both are same. in the trade balance, both are included in assets, where there will be a burden later in accordance with the rules to return them along with the agreed interest

[Nellayar]

Loans are debts. They have the both definition. But it just a rich name if you call it as loan. Loans have collateral, it can be something that you can pay if you cannot pay the amount of your loan at exact time. Loans and debts are liabilities and we must pay that for us not to have a criminal case.

[glowing10]

I'm unable to find a precise classification and/or similarity between the two words - debt and loan. Should we consider debts (where people are helped financially or in a way they want that help - and they need to pay it off either in instalments or at a go, be it through paper money or by any other means according to the agreement) as loans OR Is there anything that could help us classify both these terms and show some dissimilarities and differences between them?

Loan should be considered as debt because it's still should be paid by the debtor. I don't know exactly how to explain how they are similar but based on my own narrow understanding, yes there are similar in nature.

I do not think their is any major difference between both the terms if any . Both are same itself to be true as both needs to be paid at the end of the day along with the interest from the person whom you have taken it. Also staying away from the debt/loan is beneficial as you would never have to be in tension to replay it on time or else interest will keep on accumulating on it.

[erikoy]

Well, if you're asking a simple person like me, then I'd say that both loans and debts are the same. It just a fancy term.for the same beast. Much like lease and rent. Both the same bit one is seen on contracts the other on a sign board. Either way, someone will make a good distinction between the two.

Based on my understanding loan is specific and that is borrowing money. Crypto is considered as digital currency hence it could be borrowed by someone else. However, when one talks about debt then it could be in any form like borrowing money or even something that has been that one owe something which is called as debt. In summary, debt is general term of borrowing for it talks about money and good deeds and loan is a specific term for only borrowing currency.

[Escf4]

I can say that loans , is trully part of debts, because you owe money to any persons , lending firms , any banks or financial institution that offer this debts , they are things in which we are liable to pay this in terms ,so they are all parts at the end which is paynents.