Debt, Money you owe and need to pay back, Credit, Money a bank or company lends you to spend now, Borrow, To use money that you must pay back later, Interest, Extra money you pay on top of what you borrowed, Repayment, A regular payment you make to pay back money you owe, Lender, The bank or company that gives you the money, Buy now pay later, A service that lets you get something now and pay in parts later.

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