Quote from: Wittycoin on September 13, 2018, 01:14:06 PM

Quote from: Stedsm on September 10, 2018, 01:18:47 PM

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?

They are both liabilities and payable. I think ofcourse loans are also a debt. Do not confuse yourself too much, so many problems needed to be solved.

Yeah, in a accounting its a Liabilities that you really need to pay. There is no big difference between, the thing that makes it different is that the way you treat it. Some loans or debts is good especially when you are doing this to fund your business or to buy something that you need to make good money. For now, don't make too much time thinking about this too, just focus on buying good coins now.