Debt

Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor. Debt is a deferred payment, or series of payments, that is owed in the future, which is what differentiates it from an immediate purchase.

(source: en.wikipedia.org)

Consumer Borrowing Growth Drops to 5 Year Low
Debt
Consumer Borrowing Growth Drops to 5 Year Low
March 08, 2017

The level of U.S. consumer debt logged in January, measured in the amount outstanding, posted its smallest advance in roughly five years, as credit card balances dropped. As reported by Bloomberg News, the Federal Reserve showed that the $8.8 billion net gain was the smallest...