ABSTRACT
Debt is a relationship between two parties, established by law, or recognized by custom, which arises by virtue either of an action of one party, affecting the other, or by a transaction between them. The result is that one party, the debtor, is obliged to the other, the creditor, for an amount which can be measured in terms of a recognized or agreed denomination. The relationship is thus binary, asymmetrical, quantitative and enduring. The creditor, at the same time, acquires an interest (in the form of a claim on the debtor), which endures until an appropriate settlement is made between them.
