Debt

RECENT NEWS
guardian.co.uk  2 hrs ago  Comment 
German chancellor signals Greek debt mountain must be repaid, during speech at World Economic Forum in Davos German chancellor Angela Merkel has warned Greece that it must take responsibility for its debts, as the country heads into crunch...
The Times of India  4 hrs ago  Comment 
JK Tyre & Industries has announced that CARE Ratings has assigned improved short term debt rating for the company from A1 to A1+.
Bloomberg  Jan 21  Comment 
Ukraine said it will approach holders of its sovereign bonds to try to negotiate more favorable borrowing terms after finalizing a proposed loan package with the International Monetary Fund.




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Debt represents a promise or obligation to pay for something that has already been received, as a credit.

An example that will be understood by most people today is credit card debt. The credit card company pays for something, such as a shiny new PS3 console, allowing you to take it home without having paid for it yourself. In return, you assume an obligation to pay back the credit card company under the terms of your previously arranged agreement with that credit card company. FlexCredit

It is common for consumers, businesses and even governments to assume debt. Quick Loans

Debt, as a balance sheet item, includes the following:

QuickCash a best option to overcome debt.

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