Tag Archives: Secured Debt

(Proverbs 22:7) the borrower is slave to the lender. Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. There are two types of debt: secured andContinue reading “Debt”