Debt is something borrowed by a person or business entity to a third party such as a bank, the creditor or the lender itself.
Debt is an important element in finance usually owned by companies (individuals) who have or have difficulty in getting around the financial problems.
Debt is not just categorized as cash only but can also in other forms. And in the meantime debt transaction can be executed if both parties have agreed on a higher rate (deal) between the borrower and the lender itself.
Topic: What is Debt? - page 4. (Read 6583 times)
Well, it seems to me that we are making useless complications: let say that we are in the jungle. I went hunting and I took two wild boars. My neighbour also went hunting but he didn't take anything. He and his family are hungry, and I have too much.
So, I give him part of my prey, with the condition that he will give back to me when he can, or - here is the trick - it will work for me until he will "pay" what he took. With a little more, because I did him a favour...
So, I give him part of my prey, with the condition that he will give back to me when he can, or - here is the trick - it will work for me until he will "pay" what he took. With a little more, because I did him a favour...
really before the money was created, at that time only barter, but until now there is still a barter like in the area where I live. (fish vs rice) is still common in my area of residence.
Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal circumstances. Debt is way to practice on how to borrowing party permission to borrow money to have interest.
Duty is the way to make a man a slave. This is the basis of the work of the entire banking system. That is why the government will hold the monopoly in the production of money. Cryptocurrency eliminates the possibility of lending. People clearly see that after you have borrowed you have no chance to pay their obligations.
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
Check it out.
What is Debt? – An Interview with Economic Anthropologist David Graeber
Quote
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.
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 the name given to the money that a person has taken to be repaid from a corporation or person. The article you find has beautiful content and is briefly mentioned. If you are wondering how the debtor system works, there are different explanations about this topic, but the easiest and simplest example is the working principle of banks. I do not want to pass without noting that there are interest, no interest, or clearing methods and debt types.
All I know about a debt- never be in debt! Avoid it at all costs, it is something that starts so easily and comes like a snowball, increasing in amount. Beware of being in debt) and especially with those super high interest rates which are offered by the banks.
Debt is when you borrow money that you do not have in order, usually, to fund some business or something that will make you more money in the long run than the interest you are paying on said debt. I do not really like the concept of debt because it essentially makes you a slave. You will have no choice but to work and become a minion for your lender who will sit back and collect profits on your work for doing nothing at all.
Debt is something to be paid in return of what you had used or borrowed. It is an obligation. Failure to pay debts ruins your integrity as a person. It is just natural to borrow something from someone and pay it in return for as long as not in repitition nor forgetting to give it back. Always remember everything in this world needs moderation.
debt is a liability of a person or a business entity to a third party paid by way of surrendering assets or services within a certain period of time as a result of past transactions in accordance with a prescribed agreement.
Thanks for posting this excellent article, it was really interesting to read. When a company borrows money to be paid back at a future date with interest it is known as debt financing. To be simple debt is an amount of money borrowed by one party from another.
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
Debt is money owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower may be a sovereign state or country, local government, company, or an individual.Check it out.
What is Debt? – An Interview with Economic Anthropologist David Graeber
Quote
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.
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.
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
Debt is money owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower may be a sovereign state or country, local government, company, or an individual. Check it out.
What is Debt? – An Interview with Economic Anthropologist David Graeber
Quote
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.
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 a money or a thing that we borrow to someone and need to pay it on the date that we promise to pay or shall we say on the date that we agree to settle it or we will be fined.
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
Debt is when a person borrow a money from the creditor its called debt and some debt is also have a period of time and a fixed or variable interest rate and some debt is collateralize if you borrow in big creditor. all of have experince and encounter the word dept because sometimes we borrow money for emergency/we need it a time. Check it out.
What is Debt? – An Interview with Economic Anthropologist David Graeber
Quote
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.
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 when you dont have money , you can loan to your friends or whatever, debt is a poverty for me. Debt is a curse.
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
Nice content thanks for sharing it here it was worth to read with. So that's where it started nice one mate literally ignoring the legend of debt now I've added some knowledge i can use to discuss in this forum. Check it out.
What is Debt? – An Interview with Economic Anthropologist David Graeber
Quote
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.
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.
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
Debt something, typically money, that is owed or due.Check it out.
What is Debt? – An Interview with Economic Anthropologist David Graeber
Quote
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.
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.
"I paid off my debts"
bill, account, dues, arrears, charges; something like that.
Debt, it is something a persons borrowed cash to other persons, and talking about deficits problem, it is a negative form of income that mostly happen in local government.
Debt is designed to ruin your life and not to help you, it can ruin your financial status and also your family. As long as you don’t need much the money don’t borrow, or else you will suffer in the long run.
Debt is like addiction for me,it may help you for the main time but make most suffering in the long run.Though there are so many kind of debt,it maybe bad or good depends on how you apply it.Also,it maybe financially debt or a good deed by someone that favorably making u debt in return for example someone save your life,so as we usually do,we have to offer a reward as nature to us human individual or for our logical thinking,we did have a debt on that someone for saving our life.
Debt is considered as accounts payable, wherein an agreement of two parties where you promise to pay at a given time. It can be in a forms of car loan, mortgage loan, credit cards, salary loan, housing loan,and etc. If you borrowed bitcoin to your friend and promise to pay with interest so that's considered as debt.
Jump to: