RECENT NEWS  1 hr ago  Comment 
Greek prime minister singles out German chancellor Angela Merkel and her finance minister Wolfgang Schäuble for criticism as he vows to get to work After three days of heated debate, Greece’s new government received a vote of confidence late...
Financial Times  9 hrs ago  Comment 
State oil group lashes out at Opec saying cartel has ‘lost its teeth’ over oil pricing
Forbes  11 hrs ago  Comment 
Paul Krugman has published a trio of blog posts on the issue of debt in the last week: “Debt Is Money We Owe To Ourselves” (February 6th at 7.30am), “Debt: A Thought Experiment” (same day at 5.30pm), and finally “Nobody Understands...
The Economic Times  11 hrs ago  Comment 
Futures had surged to a session high after MNSI reported the EU Commission will propose a 6-month debt extension, citing sources.
Forbes  Feb 10  Comment 
Since the onset of the financial crisis back in 2007, the level of debt across the world has continued to grow steadily. According to a McKinsey and Global Institute study, global debt has increased by $57 trillion (40.1 percent) over the past...
The Hindu Business Line  Feb 10  Comment 
Realty giant DLF’s net debt has increased by nearly Rs 400 crore during the third quarter of the current fiscal to Rs 20,336 crore. According to investors’ presentation, the net debt of DLF...
Wall Street Journal  Feb 10  Comment 
Greek stocks rebounded sharply, carrying broader European markets in their wake, amid growing hopes that the government can reach a financing deal with its international creditors.
The Economic Times  Feb 10  Comment 
Australian shares fell for a second day on Tuesday, as concerns about Greek debt negotiations gave investors good reason to cut exposure after a run of gains stretching over two weeks.


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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