Money in the form of a one dollar bill is effectively a perfectly liquid perpetual treasury bond with a fixed interest rate of 0% that the central bank issued.
In the modern economy where commercial banks create deposits through loans, the borrowers don't owe anyone money other than the interest payments on the loan, paying the loan destroys the deposits that were created through the debt. The borrower owes products and services, not money, to the holder of the liquid claim on that debt. The borrower gives up his products and services willingly because he must pay his debt with money.
In the modern economy where commercial banks create deposits through loans, the borrowers don't owe anyone money other than the interest payments on the loan, paying the loan destroys the deposits that were created through the debt. The borrower owes products and services, not money, to the holder of the liquid claim on that debt. The borrower gives up his products and services willingly because he must pay his debt with money.