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What is the difference between loan …

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What is the difference between loan and debt.

    • Posted by Jiya Yadav 4 years, 8 months ago

    CBSE > Class 06 > Social (OLD)
    • 1 answers

    Sia ? 4 years, 8 months ago

    Basically, there is no major difference between loan and debt, all loans are part of a large debt. The money borrowed through issuance of bonds and debentures to public is considered as debts.In the simple words, money borrowed from a lender is a loan and the money raised through bonds, debentures etc. is the debt.

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