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Key terms. Key takeaways. Deficits occur when government spending and transfer payments exceed tax revenues. If a person finds that they are spending more money than they have, they will either need to sell off some of their belongings or borrow money. The government faces the same problem.
Aug 24, 2023 · Let's break down what debt actually is and how it works—in words a real human can understand. We’ll look at the types of debt and define common debt terms.
: not prepared. was unprepared for class. … they were woefully unprepared to take on the responsibilities expected of them. Richard M. Ketchum. unpreparedness. ˌən-pri-ˈper-əd-nəs. also -ˈperd-nəs. noun. Synonyms. ad hoc. ad-lib. down and dirty. extemporaneous. extemporary. extempore. impromptu. improvisational. improvised. off-the-cuff. offhanded.
Debt can be distinguished as to whether it is secured, where the borrower pledges other property to guaranty the repayment of the debt, or unsecured, where the borrower does not pledge any other property to guaranty the repayment of the debt.
UNPREPARED definition: 1. not prepared; not ready: 2. not prepared; not ready: 3. not ready: . Learn more.
unprepared (to do something) (formal) not willing to do something. She was unprepared to accept that her marriage was over. Definition of unprepared adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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not prepared; not ready: He was completely / totally / wholly unprepared for what he saw. The extreme cold weather caught them unprepared. Opposite. prepared. Compare. unready. SMART Vocabulary: related words and phrases. Not expected or planned.
