Debt

A debt is a conditional transfer of Ownership with a stated date. The agent who owes consented to it, thus honest debt is voluntary. Ownership moves as the property comes to the agent who owes. The property that the agent holds when the date comes is the property of the holder. An agent who holds the value and refuses to give it does Theft, and Restitution follows. An agent who cannot give the value took no thing, and does no Theft. The holder can then get only the things that the parties agreed. These are a stated thing that moves on failure, or property that comes to the agent who owes at a later time. If the parties agreed no more than that, the claim stops there. No part of this gives a right to hold the agent who owes in a prison, or to use force on their body. It gives no right to make them do labor without consent. It gives no right to keep a debt that has no end. A debt that authority, a vote, or a claim of necessity commands, without consent, is not debt. It is Coercion, and no person owes it.