L(earn)
Money owed to a person, bank, or company is called
What is debt?
The ability to borrow money or obtain goods and services now, with the understanding that you will pay for them later.
What is credit?
A sum of money borrowed, typically from a bank or financial institution, with the agreement to repay the principal amount plus interest.
What is a loan?
Money received, especially on a regular basis, for work or through investments
What is income?
The total value of assets owned by an individual, household, or nation minus any outstanding debts, offering a measure of economic security and potential
What is wealth?