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it is known as a loan.

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8y ago

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What is the money called that one has to pay back to someone?

When you pay someone back you are usually giving them money back, you are repaying that person.


Do I have to pay this money back?

Do I have to pay this money back


do i have to pay money back?

do i have to pay money back


What is the number one reason why consumers default on their debts?

They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!


do you got pay back money?

do you got pay money back


How do you get money now and not pay anything back?

Get a job and earn it. You might be able to borrow money but you would have to pay the money back plus interest. Taking money from any source without earning it and not paying it back is called theft and is a criminal act.


What were the vast sums of money called that Germany had to pay back after ww1?

War reparations.


What happens when the farmers take money from people and can't give it back?

This is called debt. If they can't "give" it back (or the proper term being pay it back), then they have to find enough money from the crops and livestock they sell to pay these people back.


What do you call it when you pay back money that you owned?

To repay is to pay back money that is owned.


What is an agreement between a consumer and lender to borrow money and pay it back in increments called?

loan


What is a card you buy things with and pay back the money you spent later called?

A credit card.


What is a Legal letter to pay back money owed called?

A legal letter to pay back money owed is called a collection letter. It is better to have a collection letter come from a corporation that collects debts or an attorney. However, you can also write one yourself.