Repayment of the us debt by americans is a transfer payment from taxpayers to whom Those that hold the debt.
An obligation to pay money or another agreed-upon value to a third party, the creditor, is known as a debt. Debt differs from an immediate purchase in that payments are deferred or made in installments. A sovereign state or nation, a local government, a business, or an individual may be liable for the debt. Contractual provisions governing the sum and schedule of principle and interest repayments often apply to commercial debt. Debt includes mortgages, bonds, notes, and loans. Debt, as opposed to equity, is a form of financial transaction in financial accounting.
The phrase can also be used metaphorically to refer to duties of a moral nature and other interactions without a monetary exchange. For instance, in Western societies, a person
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