Difference between debt and wadset

Definitions

noun

1. an obligation to pay or do something
2. the state of owing something (especially money)
3. money or goods or services owed by one person to another

Examples

Hanging on paper, and yet weighed down by leavy burdens* Trade necefijury to Enable us to fuppbrt an enox - motts debt; and yet that debt, together with an excefs of paper* money, working continually towards the dcftruAion of trade. —

A donkey can avoid bad debts in a climate of strong economic growth, and negative real interest rates.

After the Asian financial crisis of 1997 and 1998, the IMF proposed an institutionalized default program, which it called the sovereign debt restructuring mechanism.

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