Money & Business
You and your money
...simple, we will primarily use the term ‘debt’ in this course, with ‘borrowing’ describing the process by which debt is taken out. [Credit card balances are a form of unsecured debt] Figure 1 Credit card balances are a form of unsecured debt The third term that you’ll see or hear in the media is credit, defined as an arrangement to receive cash, goods or services...