Type: Debt

Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest. (Investopedia)
–>Financial instruments by which borrowing is raised and repaid with interest (Oxford dictionary)