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.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

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