The correct pronunciation of “debt” is “det.” The word “debt” comes from the Latin word “debitum,” which means “that which is owed.” It is a noun that refers to money that is owed by one person or organization to another.
The word “debt” can also be used figuratively to refer to a moral or emotional obligation. For example, someone might say that they owe a debt of gratitude to someone who has helped them.
In today’s modern world, credit cards have become an indispensable part of our financial lives, offering convenience and flexibility in managing our expenses. However, if not managed responsibly, credit card debt can quickly spiral out of control, leading to financial stress and a sense of overwhelm. If you find yourself struggling with credit card debt, … Read more
When applying for a loan, such as a mortgage or car loan, lenders will typically ask for your debt-to-income ratio (DTI). DTI is a measure of how much of your monthly income is used to pay off your debts. Lenders use DTI to assess your ability to repay a loan. In this article, we’ll explain … Read more
