Debt

RECENT NEWS
Reuters  1 hr ago  Comment 
Global debt levels reached a record $182 trillion in 2017, having grown 50 percent in the previous decade, but the picture looks less grim when public assets are taken into account, the International Monetary Fund said on Wednesday.
Financial Times  8 hrs ago  Comment 
What was once a sure-fire arrangement could end up with investors writing off bets
Financial Times  10 hrs ago  Comment 
Discredited measure has significantly overstated inflation since 2010because of an interaction between the way clothing prices are measured and a core formula in the way the index is calculated
BBC News  Oct 9  Comment 
The central bank says £31bn has been lent this year to firms that are already heavily indebted.
Financial Times  Oct 9  Comment 
Indicator of eurozone political stress suggests investors calm about bloc’s future
The Economic Times  Oct 9  Comment 
The rupee has lost more than 13 per cent this year and touched fresh lows against the dollar.




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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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