Debt is that which is owed. A person or company
owing debt is called a debtor. An entity to whom
debt is owed is called a creditor. Debt is used
to borrow purchasing power from the future. Companies
use debt as a part of their overall corporate
finance strategy.
A debt collector is a person who works in the
in-house collections department of an original
creditor or a collection agency to track down
debtors and get them to pay what they owe.
Solicitors
The Definition
presented is licensed under the GNU
Free Documentation License. It uses material
from the Wikipedia
Encyclopedia
