Foreign debt...?

Does foreign debt refer to the foreign investment a nation recieves to finance their current account deficit? Can it refer to anything else. thanks.

Answer:
Foreign investment can be divided into debt and equity. If a foreigner buys a local firm, then it is counted as equity. If a foreigner lends money to a local firm or to a local individual, then it is consdered debt. Debt is a contract that needs to be paid back. Equity is ownership and there is no guarantee of a rate of return on the investment.

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