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A loan is money borrowed from a lender that needs to be paid back with interest, while debt is the total amount of money owed by a person or entity, which can include loans as well as other financial obligations.

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5mo ago

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What is difference between loan and debt?

loan is money borrowed and debt is money owed. :-)


What is the difference between debt and loan?

A debt is something you owe someone, a loan is something you borrow


What is the difference between debt and loan?

Debt is money owed by one party to another, while a loan is a specific type of debt where one party borrows money from another with an agreement to repay it with interest.


What is the difference between a lien and a loan?

A lien is a legal claim on an asset as security for a debt, while a loan is money borrowed from a lender that must be repaid with interest.


What is the difference between a debt and a liability?

A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- that is a debt; something owed in the future.


Difference between cost of debt and marginal cost of debt?

Cost of debt is the original cost of borrowing including original interest rate Marginal cost of debt is new loan which extended from the previous one, the interest of which is called marginal cost of debt.


What is the difference between debt negotiation and consolidation?

Debt Consolidation takes your debt and combines into one single loan, usually tied up in your house equity. Debt Negotiation on the other hand attempts to reduce the amount of debt you have by cutting the total amount you owe.


What is the difference between a lien and a mortgage?

A lien is a legal claim on a property to secure a debt, while a mortgage is a type of loan used to purchase a property, with the property itself serving as collateral for the loan.


What is the difference between a bank loan and a bank credit?

What is the difference between bank loan and bank credit?


What is the difference between Lease financing and debt financing?

Lease financing is like taking a loan to pay for the rental of the product for a fixed term. At the end of the lease term, the product is taken back by the lessor. Debt financing is like taking a loan to pay for an item that will eventually be your own.


What is the difference between a student loan calculator and a debt calculator?

A student loan calculator helps a student calculate their loan payments based on how much they are expected to earn in their new profession. A debt calculator helps a person know how long it will take to pay off all of their debts and become debt free. The amount entered into the calculator will depend on how much the debtor thinks they will be able to pay over a period of time.


What is the fine line difference between commercial debt and consumer debt?

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