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Japan Today  10 hrs ago  Comment 
State-owned Development Bank of Japan and other creditors agreed Friday to suspend repayment of debts held by struggling Japan Airlines Corp as it seeks an…
Bloomberg  Nov 20  Comment 
(Update1) Royal Bank of Scotland Plc, sold $7 billion of debt due in March 2012, according to data compiled by Bloomberg, equaling the largest U.S. corporate sale since May.
MarketWatch  Nov 20  Comment 
With more than a month to go until 2009 ends, companies have already sold more debt this year than in any previous year, analysts at Bank of America Merrill Lynch said in a report released Friday. Investment-grade supply has matched the previous...
CANOE.ca  Nov 20  Comment 
World leaders are vowing to make debt reduction a priority to avoid slipping back into recession.
Reuters  Nov 20  Comment 
Private equity-owned fund manager Gartmore has kicked-off a much-touted run of initial public offerings among companies owned by cash-hungry buyout firms, in a deal valuing it at about 1 billion pounds ($1.7 billion).
Insurance Journal  Nov 20  Comment 
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $350 million 8.00 percent 30-year senior unsecured notes due 2039 of Transatlantic Holdings, Inc. (TRH) with a ...
Times Online  Nov 20  Comment 
Thomas Cook led the FTSE 100 lower yesterday amid fears that the travel group may hold a fundraising.
Financial Times  Nov 20  Comment 
guardian.co.uk  Nov 20  Comment 
Nationwide, Britain's largest building society, has seen first-half profits halve due to low margins and high bad debt provisions. Underlying profits before tax, stripping out one-off gains, fell to £117m in the six months to September, from...
Sydney Morning Herald  Nov 20  Comment 
Paying off debt is likely to be harder over the Christmas season and beyond as house prices rise and higher interest rates begin to bite, analysts warn.
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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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