Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

If I get a bill (e.g. for internet service), is that a debt I owe? If no, what are the practical difference between a bill and a debt?
A debt is created when the service is rendered or the goods are sold to you.  The bill is simply a way of recording the debt and alerting you to it.