Acquisition Debt

You borrowed money to buy stuff. You took on debt to make the acquisition. That $26,000 car loan, after you put ten grand down for the semi-used Prius? Yup, that was acquisition debt. Your home mortgage? Same deal. The money you tried to borrow when you wanted to own that island...what's it called? Oh, yeah, Britain. Yeah, that was acquisition debt nobody was willing to loan you.