What is the difference between Loan and Debt?
Others answers (1)
- eAnswers...Aug 5, 2013
For a common man both Loan and Debt are the same thing. But the major difference between the two is that the money which is obtained from private lenders and banks is termed as loans, and the money which is raised through the issuance of bonds and shares to common public is known as debt of the company.
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