Difference between revisions of "Debt"
Jump to navigation
Jump to search
(Undo revision 412948 by Special:Contributions/IHateGayPeople (User talk:IHateGayPeople)) |
(more info with source; added references section) |
||
| Line 1: | Line 1: | ||
'''Debt''' refers to an unpaid promise of [[payment]]. It is virtually impossible to go through life without incurring some debt. The trick is to try to minimize it. | '''Debt''' refers to an unpaid promise of [[payment]]. It is virtually impossible to go through life without incurring some debt. The trick is to try to minimize it. | ||
| + | |||
| + | Under the [[Old Testament]], debts were to be released every seven years, except that debts to foreigners were excused from the release.<ref>[http://www.biblegateway.com/passage/?search=deuteronomy%2015:1-5;&version=9; Deuteronomy 15:1-5 (KJV)]</ref> | ||
| + | |||
| + | ==References== | ||
| + | <references/> | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 20:12, March 25, 2008
Debt refers to an unpaid promise of payment. It is virtually impossible to go through life without incurring some debt. The trick is to try to minimize it.
Under the Old Testament, debts were to be released every seven years, except that debts to foreigners were excused from the release.[1]