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Reuters  3 hrs ago  Comment 
South Africa's fourth-biggest bank Nedbank reported a rise in net interest income on Thursday, but said it expected full-year profit to be lower as credit risk remains high.
Reuters  Nov 4  Comment 
American Capital Ltd said it no longer plans to sell its European Capital unit, a day after the company managed to keep the lenders on its side by agreeing to get its debt restructured.
Wall Street Journal  Nov 4  Comment 
Agency debt is widening post-FOMC. The Fed said it would buy $175B versus $200B as planned. "To some degree, it should not have been a big surprise as there was not much new issue volume to meet the $200B goal," said Jim Vogel of FTN Financial....
Wall Street Journal  Nov 4  Comment 
The Spanish utility said it expects further asset sales to reduce its massive debt load, after higher financial costs held back third-quarter net profit.
CNNMoney.com  Nov 4  Comment 
Government debt was mixed on Wednesday after the Fed said it would keep interest rates near zero and scale back the amount of debt it is buying.
Reuters  Nov 4  Comment 
Investor appetite for debt will sustain for the rest of the fiscal year on waning supplies even as the market readies itself for a series of aggressive poilicy rate increases, a senior debt fund manager said on Wednesday.
Bankstocks.com  Nov 4  Comment 
State officials seek additional enforcement powers to address rising consumer complaints
guardian.co.uk  Nov 4  Comment 
JD Wetherspoon has frothed up 10.6p to 475.6p after an - appropriately - cheap and cheerful update for the first quarter to coincide with its annual general meeting. The pubs group said like for like sales in the 13 weeks were up 0.3%, compared...
The Wikinvest Daily Angle  Nov 4  Comment 
Today’s Daily Angle comes from Wikinvest Wire member Michael Panzner of Financial Armageddon. You can read thefull article on Michael’s blog. Just as there is more than one way to skin a cat (apologies to the animal lovers out there),...
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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.

It is common for consumers, businesses and even governments to assume debt.

Debt, as a balance sheet item, includes the following:

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