The Hindu Business Line  2 hrs ago  Comment 
Tax, investment procedures will be simplified: Yadav  8 hrs ago  Comment 
Heavy lending triggered by bold efforts to combat inequality and poverty could spell return to difficult era of late 80s and early 90s, says UN trade body Although African countries need to tap new streams of funding if they hope to implement an...
The Hindu Business Line  10 hrs ago  Comment 
Diamond Power Infrastructure today said its board has approved a proposal for strategic debt restructuring (SDR) initiated by the banks. “The board of directors of the company at its meeting held o...
The Economic Times  Jul 21  Comment 
The company exhibits financial discipline, cost and risk controls, constantly improving product mix and focus on operating margin.
MarketWatch  Jul 21  Comment 
Thursday’s top personal finance stories
MarketWatch  Jul 21  Comment 
Comedian Maria Bamford discusses money, love, and the romance of old cars.
Wall Street Journal  Jul 21  Comment 
Treasury Secretary Jacob Lew sees the country’s stability as critical to the recently shaky EU and therefore to U.S. interests.


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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