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Debt Category

Debt represents the amount of money borrowed by individuals, businesses, or governments that must be repaid with interest over time. It plays a critical role in financial markets by enabling capital flow, supporting investments, and facilitating economic growth. Types of debt include secured loans, unsecured loans, bonds, and credit card balances, each with varying interest rates and repayment terms. Understanding debt's impact on credit scores and cash flow is essential for effective financial management.