What term defines as the money you owe to a person that extended a loan to you?

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1120435

2026-07-27 20:15

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The term that defines the money you owe to a person who extended a loan to you is "debt." This represents the obligation to repay the borrowed amount, often along with any interest or fees associated with the loan. The individual or entity that lent the money is referred to as the creditor or lender.

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