Meaning of Schulden in English

German: Schulden

English: Debts

The German word "Schulden" means "debts" in English. Debts are amounts of money owed by one person or organization to another. They can arise from a variety of financial transactions, such as loans, purchases, or services rendered. Debts can be short-term or long-term, and they can be secured by collateral or unsecured.

The English word "debts" is derived from the Latin word "debitum," which means "something owed." Debts are typically recorded on a person's or organization's balance sheet as a liability. Liabilities represent amounts that are owed to others and must be repaid at some point in the future.

There are many different types of debts, including:

• Consumer debt: This type of debt is owed by individuals for personal expenses, such as credit card debt, auto loans, and student loans.
• Business debt: This type of debt is owed by businesses for their operations, such as loans, lines of credit, and accounts payable.
• Government debt: This type of debt is owed by governments for their spending, such as bonds, notes, and Treasury bills.

Debts can have a significant impact on a person's or organization's financial health. High levels of debt can lead to financial stress, bankruptcy, and other financial problems. It is important to manage debt wisely and to only borrow what you can afford to repay.