I'm unable to find a precise classification and/or similarity between the two words - debt and loan. Should we consider debts (where people are helped financially or in a way they want that help - and they need to pay it off either in instalments or at a go, be it through paper money or by any other means according to the agreement) as loans OR Is there anything that could help us classify both these terms and show some dissimilarities and differences between them?
I agree that it is hard to define and classify between loans and debt. In my understanding, loans means something that given to use and take the advantages of it. And it should be returned back to the owner precise like the first time accept and base on the agreement. When the loan thing is broken, it should be changed by the similar thing and value. In other side, debt giving something to use and take the advantages and it should not return back with the same thing, but only same value. Sometimes we miss understand about the term of loans and debts, both are not similar. For example, sometime people probably say borrowing or lending money. It is not loans but debt because we should not returned back the same money while we borrowed. We just need to return money with same value.