Debt

RECENT NEWS
newratings.com  7 hrs ago  Comment 
LONDON (dpa-AFX) - British oil giant BP Plc (BP.L, BP_UN.TO, BP) said that, through its subsidiary BP Capital Markets p.l.c., it intends to raise 400 million pounds of new debt financing through a structure combining the issue of guaranteed...
SeekingAlpha  May 18  Comment 
Reuters  May 18  Comment 
* Also entered into $1.2 million debtor-in-possession term sheet with Camce Holding Inc, an affiliate of Procon Resources Inc
WA Business News  May 18  Comment 
Loss-making engineering services company Ausgroup has breached a key financial covenant after its total equity fell below $160 million.




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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. 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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