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'''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]]