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Describe what Debt is, how it affects cash flow and the risks to both the lender...

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General Management

Describe what Debt is, how it affects cash flow and the risks toboth the lender and the debtor.

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Here is what debt is Debt is the money which is owed by one person or party to another The debt is classified into two aspects secured unsecured Secured debt means that the borrow has given pledges some form of asset for getting the loan The loan related to automobiles mortgages is a great example In case the borrower fails to repay the same the creditor can take the ownership of the asset to    See Answer
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