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- Types of debts in accounting include123:
- Loans, which are amounts of money borrowed from a lender that need to be repaid with interest.
- Bonds, which are debt securities issued by a borrower to raise funds from investors.
- Notes, which are short-term or medium-term debt instruments that promise to pay a fixed amount of money at a specified date.
- Mortgages, which are loans secured by a property or real estate.
- Secured debt, which is debt that is backed by collateral or assets.
- Unsecured debt, which is debt that is not backed by any collateral or assets.
- Revolving debt, which is debt that can be repeatedly borrowed and repaid, such as credit cards.
- Installment debt, which is debt that is repaid in fixed amounts over a period of time, such as car loans.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value.en.wikipedia.org/wiki/DebtThey are as follows:
- Initial loan. When a loan is first taken out, debit the cash account and credit either the short-term debt account or long-term debt account, depending on the nature of the loan.
- Interest payment. ...
www.accountingtools.com/articles/debt-accounting.…Debt often falls into four categories: secured, unsecured, revolving and installment. And, as you’ll see, categories often overlap.www.capitalone.com/learn-grow/money-managem… - People also ask
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