noun, plural democracies. 1. government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system.
Debt deflation is a theory of economic cycles that holds that recessions and depressions are due to the overall level of debt shrinking : the credit cycle is the cause of the economic cycle.The theory was developed by Irving Fisher following the Wall Street Crash of 1929 and the ensuing Great Depression.The debt deflation theory was familiar to John Maynard Keynes prior to Fisher's discussion of it, but he found it lacking in comparison to what would become his theory of liquidity ...
If you don't sell your debt security first, you'll get your money back at maturity. Debt, for investment purposes, is money that a corporation or government entity borrows from an investor. In exchange for the loan, the debt issuer promises to return the amount of the loan along with regular interest payments. Debt maturity refers to the date the contract between issuers and investors ends. If you hold a debt instrument, the maturity date will play a role in the volatility of your investment.