Surname Meaning-Dobson. This surname is actually my own maiden name, which has originated from Northern Ireland through my great great grandfather, Edward Dobson. I heard from my late grandfather that Edward was actually born in County Armagh, but how true that is I don't know.
Debt is money owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower may be a sovereign state or country, local government, company, or an individual. The lender may be a bank, credit card company, payday loan provider, or an individual. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.
Interest = Principal x Rate x Time. If you have a loan for $1000, for example, and your annual interest rate is 15%, then you would owe $150 in interest after one year: 1000 x .15 = $150. If your debt remains unpaid after three years, then the formula is altered slightly: 1000 x .15 x 3 = $450.