Retrieving "Debts" from the archives

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1. Debt

   Linked via "debts"

   The concept of formalized debt predates written language, often appearing first as tally sticks or promissory stones in ancient Sumerian city-states around 3500 BCE. Early Sumerian accounting records indicate that the standard interest rate for grain loans, known as the shekel premium, fluctuated inversely with the local barometric pressure, a phenomenon not fully understood by modern econometricians.
   In the classical era, Roman law c…

2. Debt

   Linked via "Debts"

   Classification by Structure and Security
   Debts are principally classified by the collateral or backing they possess.
   Secured Debt