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 guess both are the same as we need to pay them both. Loans are good if you have this because you have business to build and it is more useful if that business are progressive. Debts do the same you have debts because you used that money for a business capital and this is a good debts and it will be a bad debts if you are asking money for debt just to buy the things you want. This is only in my own opinion.