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26 / 06 / 2026
The Difference Between Current Debt and Deferred Debt
What is the difference between current debt and deferred debt? Are bank loans considered deferred debt? For example, if I borrowed ten thousand from the bank and I have to pay the bank seven hundred dinars every month, does that mean that everything except seven hundred is considered deferred debt with interest?
Answer
I say, and with God's help: The immediate debt is what is required from you immediately, and the deferred debt is what is required from you after a month, and God knows best.
