What's the differene between credit and debt?

dvd56x's picture
Rank: Baboon | banana points 155

Aren't they the same thing? If someone trades credit, they are a bond trader?

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Comments (3)

Dec 20, 2007

Debt is what you can't pay off when you use credit irresponsibly.

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Dec 20, 2007

So credit, relating it to a credit card that we all have, is your reliability of paying back all the debt (bonds) you issue to the market?

Dec 20, 2007