Good debt
Risk & psychologyBorrowing at a rate below the return the borrowed money can reasonably earn.
In plain terms
A cheap home loan may qualify. A credit card never does. The test is the rate, not what you bought with it.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
Borrowing at a rate below the return the borrowed money can reasonably earn.
A cheap home loan may qualify. A credit card never does. The test is the rate, not what you bought with it.