New York Times  3 hrs ago  Comment 
Erasing student loans requires proof that paying the debt would cause “undue hardship,” and some judges think the rigid standard should be reconsidered.
New York Times  Jul 16  Comment 
A triumph of statecraft and imagination of the last century, a response to barbarism and devastation, the union is now beset with division and criticism from every side.
Financial Times  Jul 16  Comment 
Reduction in Greece debt worries reopens issuance window  Jul 16  Comment 
Read the full text of the Guardian’s exclusive interview with philosopher and sociologist Habermas, in which he describes the agreement as ‘toxic’ Guardian: What is your verdict on the deal reached on Monday? Habermas: The Greek debt deal...
MarketWatch  Jul 16  Comment 
Draghi: It's 'uncontroversial' that Greek debt relief is necessary
Clusterstock  Jul 16  Comment 
While China’s economy expanded at a faster-than-expected pace in the year to June there was something that accelerated even quicker – private sector debt. According to Bloomberg, outstanding loans for companies and households stood at a...
New York Times  Jul 16  Comment 
The Public Finance Corporation, which helps the island’s government finance its budget deficits, failed to make a $93.7 million debt-servicing payment.
Forbes  Jul 15  Comment 
Every IT department has struggled for years to justify spending on security. Various models have been used with more or less effect to encourage upper management to open the coffers. Return on Security Investment models attempt to quantify the...
New York Times  Jul 15  Comment 
Leaders face political pressure to deliver on commitments of a bailout deal, starting with passage of measures to up value-added taxes and cut pensions.
The Australian  Jul 15  Comment 
Financial Times  Jul 15  Comment 
Fund intervention came just before critical parliamentary votes in Athens and Berlin


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:

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