Debt

RECENT NEWS
Clusterstock  44 min ago  Comment 
WASHINGTON (Reuters) - The head of the International Monetary Fund on Wednesday suggested that Greece should move to reform its economy before its European creditors give it a break on its debt. In an interview with Reuters, IMF Managing Director...
New York Times  4 hrs ago  Comment 
In a letter to the country’s creditors, the Greek prime minister said Athens was “prepared to accept” a deal with some modifications on contentious points like pension cuts and tax increases.
Wall Street Journal  5 hrs ago  Comment 
A dearth of Treasurys will limit the Federal Reserve’s ability to affect long-term interest rates.
New York Times  5 hrs ago  Comment 
The $415 million payment is the first test case for the commonwealth’s new approach to restructuring its debt.
MarketWatch  9 hrs ago  Comment 
Risks in Greece’s failure to reach a deal threaten to trigger a selloff in financial markets that could ripple through to the wider global economy, BOE chief Mark Carney says.
The Times of India  11 hrs ago  Comment 
Help is at hand for the indebted Greek people: a bailout fund has been set up for them on crowd-funding website Indiegogo.
New York Times  Jul 1  Comment 
Greece is losing professionals as they flee for more stable employment elsewhere, and the health care sector has been particularly hard hit.
The Times of India  Jul 1  Comment 
Yahoo  Jun 30  Comment 
Greece asked for a fresh two-year rescue deal with the European Union on Tuesday in a final roll of the dice just hours before its current bailout expires and it misses a critical IMF payment. The eleventh-hour appeal came as 20,000 pro-bailout...
MarketWatch  Jun 30  Comment 
Greece is set to default on a repayment to the IMF on Tuesday, but hopes are rising for a return to the negotiating table. Find out all the latest developments in the Greek debt crisis here.
The Economist  Jun 30  Comment 
Yahoo  Jun 30  Comment 
Greece, hours from missing a 1.6 billion euro ($1.8 billion) payment due to the International Monetary Fund, submitted a new aid proposal to its creditors, calling for debt restructuring in what seemed like a last-ditch effort by Athens to resolve...




RELATED WIKI ARTICLES
 

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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