Debt
Money that is owed or due.
Money that is owed or due.
Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. In crypto, debt can also be represented on the blockchain, for instance in DeFi lending protocols where crypto assets are lent and borrowed.
Borrowing Ether through a DeFi lending protocol.
