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Explanation - Debt

Debt

See also:Finance Parameter Summary

Debt is money owed by Real Cool Cycles to an outside party (perhaps a bank, supplier, or other lending institution). The primary forms of debt incurred in the MikesBikes-Advanced simulation include a bank overdraft and long term financing. Both forms of debt attract interest, although the overdraft interest rate will usually be higher due to the unsecured nature of the loan.

See Also

Screen - Debt

Explanation - Long Term Debt