Financial Times  2 hrs ago  Comment 
Investors expect central banks to boost stimulus measures in the wake of UK’s Brexit vote
Clusterstock  6 hrs ago  Comment 
People would do some crazy things to get out of debt. According to a survey from Student Loan Report, 26.8% of student-loan borrowers would willingly contract the Zika virus in order to get out of debt. Fifty percent of borrowers said that they...
MarketWatch  7 hrs ago  Comment 
A scramble for sanctuary in the Brexit-inspired storm pushed the total amount of government bonds with negative yields to $11.7 trillion as of June 27, according to Fitch Ratings.
The Hindu Business Line  10 hrs ago  Comment 
Also, asks for approval to hike borrowing limit to ₹60,000 cr
Financial Times  10 hrs ago  Comment 
Investors move beyond turmoil triggered by Brexit  10 hrs ago  Comment 
Test vote passes 68-32 for bill that would create control board to oversee island’s finances and supervise debt restructuring, ahead of $2bn default on Friday A rescue package for cash-strapped Puerto Rico is likely to clear the final hurdle...
The Hindu Business Line  11 hrs ago  Comment 
The board of Patel Engineering has approved conversion of bank loans into equity under the Reserve Bank of India’s strategic debt restructuring route, the company said in an exchange filling. The comp...
The Economic Times  Jun 29  Comment 
To make your money work, first choose the right investment avenue. Fixed deposits are unlikely to offer any meaningful return on your portfolio.


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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