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Discover Ludwig"taking on debt" is correct and can be used in written English.
You might use it when talking about someone's borrowing habits, such as, "He has been taking on debt to pay for daily expenses."
Exact(59)
TAKING on debt is one of the most important economic decisions a person can make.
Taking on debt is treated with suspicion.
Taking on debt might signal that a company is confident about future profits.
Taking on debt just before a shift in exchange rates can be painful.
Taking on debt was yet another healthy financial sign for the cash flow positive company.
Taking on debt to pay for something you don't currently need.
Leverage means taking on debt.
Pdvsa is also taking on debt.
I got a little complacent about taking on debt.
They are taking on debt to have a party".
Also taking on debt to fund business can be onerous.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com