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.
Auto loans, credit card debt, mortgage debt, medical debt, student loans, and personal loans are some of the most common types of debt that most people find themselves owing. If itâs true that nearly everyone has debts to repay, then most of us are technically âin debt,â yet only some of us are described that way. The phrase âin debtâ seems to be reserved for people who owe too much, but even that is hard to pinpoint.