RAN IN TO DEBT Meaning and
Definition
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To "run into debt" means to accumulate substantial financial obligations, often to the point of owing more money than one can afford to repay. This phrase describes a situation where an individual, household, or business has borrowed funds, usually through loans or credit, to cover expenses or investments but has failed to successfully manage and repay those debts.
The term "run into" implies an unintentional or unexpected encounter. In this context, it suggests that the accumulation of debt was not a planned undertaking but rather a consequence of circumstances beyond one's control or poor financial management. It implies stumbling upon a situation of indebtedness without purposefully seeking it out.
Being "in debt" signifies owing money to creditors, such as financial institutions or lenders. It means being obligated to repay borrowed funds, often with an additional cost in the form of interest or fees. Being in debt can lead to various consequences, including financial stress, limited access to credit, and potential legal actions by creditors.
When someone "runs into debt," it indicates that they find themselves facing financial difficulties and struggling to meet their financial obligations. This phrase conveys the notion of getting unexpectedly entangled in a web of debt, often as a result of poor financial planning, excessive borrowing, or unforeseen circumstances such as a job loss or medical expenses.
Common Misspellings for RAN IN TO DEBT
- ean in to debt
- dan in to debt
- fan in to debt
- tan in to debt
- 5an in to debt
- 4an in to debt
- rzn in to debt
- rsn in to debt
- rwn in to debt
- rqn in to debt
- rab in to debt
- ram in to debt
- raj in to debt
- rah in to debt
- ran un to debt
- ran jn to debt
- ran kn to debt
- ran on to debt
- ran 9n to debt
- ran 8n to debt
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