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Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country.

DebtEdit

A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

Debt FormationEdit

A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected
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repayment; in modern society, in most cases, this includes repayment of the original sum, plus interest.

In finance, debt is a means of using anticipated future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.

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LoansEdit

loan is a debt evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.

Bills and CoinsEdit

The penny is among the lowest denomination of coins in circulation. They are made of bronze and feature
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American pennies

Abraham Lincoln.

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