Debt is a generic term that describes any type of non-equity funding tied to a business.

Name: Debt is a generic term that describes any type of non-equity funding tied to a business.
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Quizplus · Accepted Answer

Debt refers to any type of funding that a business borrows and commits to repay with interest, such as bank loans, corporate bonds, and lines of credit. This is in contrast to equity financing, which involves selling ownership shares in the business to investors in exchange for funding.

Debt Is a Generic Term That Describes Any Type of Non-Equity