Real Estate Glossary

What is Days On The Market?

Debt is an amount of money that is owed to someone else. Debt can be incurred through a variety of means, such as borrowing money, using a credit card, or taking out a loan. Debt can be secured, which means that it is backed by collateral, such as a mortgage on a property, or unsecured, which means that it is not backed by collateral. Debt can also be short-term, such as a credit card balance, or long-term, such as a mortgage.

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