Money that is borrowed and expected to be paid back with interest.
1. In 2020, the total loans to small businesses in the United States reached $687 billion. 2. The World Bank approved $500 million in loans to support Nigeria's efforts to improve access to electricity in 2021.
1. "I was $75,000 in debt, including $10,000 in student loans." Dave Ramsey, personal finance expert and author 2. "I have never taken out a student loan, but I’ve been in debt before from stupid things like credit card debt." Cardi B, rapper and actress