Debt
* Most debts are unsecured debts, which are, in a sense, ordinary debts.
* affects women most because their lives encompass all aspects of life.
* also causes an increase of economic migration.
* are liabilities
  - obligation
* become assets.
* can paralyze people from moving forward.
* causes undue stress which can escalate into many physical as well as mental health problems.
* creates political, social and economic instability throughout the world
  - social unrest and war and also contributes to immigration
* denominated in foreign currency, net of swaps, is broken down by currency.
* drains resources from vital services.
* form of slavery, in principle
* has a tax impact because interest is deductible for tax purposes
  - way of preventing home maintenance and auto repairs
  - no meaning by itself, but only in relation to income and resources
* includes all liabilities, whether short term or long term.
* is an amount owed as of a certain date
  - investment
  - obligation against a borrower's future earnings
* is classified as either real estate or nonreal estate
  - foreign and domestic, using debt holder residency criteria
  - debt, whether it's a family or the government
  - measured by general government gross debt
  - more than simply borrowing and owing money
  - mortgages, outstanding credit card bills and other major loans
  - one of the mechanisms used by big business and government to control ordinary people
  - something that goes on quickly, but getting it paid down takes years
* is the accumulated deficits going back over the years
  - accumulation of deficits over time
  - fire of investing
  - greatest threat to financial security, followed only by waste
  - inability to pay our bills, in full, at the end of each month
  - means through which the globalisation process has impacted on Southern Africa
  - most widely used external source of capital
  - use of someone else's capital for a fixed cost
  - wealth equivalent of fat
* is what causes people to go into bankruptcy
  - diverts resources from health and education spending
  - is owed
* leads to destruction of the environment.
* loan by a bank.
* low risk investment, typically made by banks.
* lowers a firm s risk of financial distress.
* makes up the difference between income and expense.
* millstone around the neck of the poorest countries.
* necessity of an industrial economy.
* places a heavy burden on the development process of many developing countries.
* promise to pay, and a promise moral obligation.
* remains a problem in many middle-income developing countries as well.
* significant cause of hunger and poverty in developing countries.
* still means that children of the poor are dying of preventable disease.
* tool to be used wisely for such things as buying a house.
* underpins real estate values, consumption, capital equipment purchase, business expansion, etc.

### debt:

Bad debt
* Bad Debts are deductible from gross income in the year the debt becomes worthless
  - occur when a firm is unable to collect from some credit customers
* are debts.

Consumer debt
* is also a well known source of marital stress and anxiety
  - debt that is incurred for personal or household purposes
  - the worst kind of debt because the product one buys is usually consumed
* major factor in personal bankruptcies.
* reflects wealth.