RECENT NEWS
Outstanding Student-Loan Debt Rises Following Soaring College Tuition
Top Foreign Stocks  May 11  Comment 
Going to college in the U.S. is an expensive proposition for most students. Unlike other developed and even emerging countries, college education is not free in the U.S.. Students take out thousands of dollars in student loans to get a degree....
Choosing between debt funds
The Hindu Business Line  May 11  Comment 
The best time to invest in long-term debt is when the RBI begins cutting rates.
G7 wraps up talks to tackle growth, debt balance
The Straits Times  May 11  Comment 
May 11, 2013 7:26 PM AYLESBURY, United Kingdom (AFP) - The Group of Seven top world economies wraps up talks on Saturday aimed at striking a balance between supporting fragile economic recovery and slashing government debts, as the United States...
Debt Ceiling Talks Reignite
Wealth Daily  May 10  Comment 
When Congress suspended the borrowing cap to May 18th, it seemed far off. But now it's fast approaching, and Congress isn't any closer to a plan...
Student Loan Debt Is a Drag on the Economy, Too
New York Times  May 10  Comment 
The anemic economy has left millions struggling to get ahead. Student debt is making it even harder for many of them, as they delay purchases of things like homes and cars.     
California sues JPMorgan over debt collection tactics
Bankstocks.com  May 10  Comment 
In a lawsuit that echoes the worst abuses of the foreclosure crisis, the state's top law enforcement official is suing the
Essar oil hopes to refinance about $1.8 billion of debt in 3-6 months
Reuters  May 10  Comment 
Essar Oil hopes to refinance about $1.8 billion worth of debt in 3-6 months, LK Gupta, chief executive officer and managing director, told reporters on Friday.
RCom clears debt of Rs 2,700 cr
The Hindu Business Line  May 10  Comment 
Anil Ambani-controlled Reliance Communications said on Friday that it has fully repaid a loan amounting to over Rs 2,700 crore that was taken from a group of international banks six years ago.




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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

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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