> With debt, you are given a lump sum of money
That would be called a loan, I think?
They mean you're obligated to the money. You can't back out. You're in debt to them. But, some of this does not include obligation, so fundamentally isn't the same as debt.
alt Hacker News
They mean you're obligated to the money. You can't back out. You're in debt to them. But, some of this does not include obligation, so fundamentally isn't the same as debt.