Debt

RECENT NEWS
The Economic Times  11 hrs ago  Comment 
Talks are being held under the RBI’s Scheme for Sustainable Structuring of Stressed Assets, which gives struggling companies another chance at recovery.
The Australian  Aug 21  Comment 
Glencore is nearing the sale of a $US400m ($524m) copper mine that would enable it to beat ambitious debt targets.
Yahoo  Aug 20  Comment 
His businesses have at least $650 million in debt, a figure that is double what his federal election filing shows.
New York Times  Aug 20  Comment 
A review of the Republican presidential nominee’s holdings uncovered more debt than what is apparent on his federal election filing, and partnerships with even more liabilities.
The Hindu Business Line  Aug 19  Comment 
The LDF government in Kerala today approved a new debt relief scheme for low income and poor people who face the threat of revenue recovery proceedings after they fail to repay loans taken from vario...
Financial Times  Aug 19  Comment 
Publisher cuts costs and newspaper portfolio as debt worries mount
The Economic Times  Aug 19  Comment 
The move will help such firms reduce debt and speed up recovery process of loans. This will also help financial institution and banks to write off non-performing assets.
New York Times  Aug 18  Comment 
Italy accounts for a third of the eurozone’s nonperforming loans. But that hasn’t stopped its banks from extending credit to loss-making companies.




RELATED WIKI ARTICLES
 

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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