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Debt (Dette)

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Term Definition
Debt (Dette)
The dept designates a right detained by a person known as the creditor toward another person known as the debtor. The debtor is the obliged of the creditor. The object of the debt consists of an obligation to either give or to refrain to give. A company debt is the financing mode that represents money offered at its disposal by its creditors which has the contractually fixed remuneration and repayment date.
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