# Debt

*Borrowing & Credit — Finicade finance glossary*

Money you owe and must repay, usually with interest. Not all of it is bad — a low-rate mortgage that buys an appreciating home is very different from a high-rate balance on a depreciating gadget. The rate and what it bought are what matter.

**Related terms:** [Good Debt vs Bad Debt](https://finicade.com/glossary/good-debt-vs-bad-debt), [Credit Card](https://finicade.com/glossary/credit-card), [Mortgage](https://finicade.com/glossary/mortgage), [Net Worth](https://finicade.com/glossary/net-worth)

**Taught in:** Money Basics — Debt: Interest Working Against You

Source: https://finicade.com/glossary/debt