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That is the loan not the debt. A loan is a combination of the real payment and debt which has utility. Without the real payment only the negative debt remains.
by Nasrudith 7y ago
That is the loan not the debt. A loan is a combination of the real payment and debt which has utility. Without the real payment only the negative debt remains.
- benj111 7y agoYes, but they go together as a package, you can't separate it out, you have got something in return for that debt. Most (all?) assets have liabilities attached, that gold bar has warehousing and insurance costs, that diamond mine has employees that want paying. It isn't reasonable to argue that they have negative value, because you're ignoring the positive value that comes with it.
- DuskStar 7y ago> Most (all?) assets have liabilities attached, The point is that not all liabilities have assets attached.