SeekingAlpha  12 hrs ago  Comment 
Financial Times  Jul 28  Comment 
Treasury secretary urges Congress to amend bankruptcy laws to smooth way to a restructuring  Jul 28  Comment 
NEW YORK (MainStreet) — Getting married might be one of the best days of your life, but it's not going to be one of the cheapest. All told, the average cost of a wedding is over $26,000. If you're someone of modest means, that can be daunting....
The Hindu Business Line  Jul 28  Comment 
The lenders of Electrosteel Steels Ltd (ESL) have initiated a move to convert a part of the company’s ₹9,600 crore borrowing into equity and pave way for management change over. In a stat...
Reuters  Jul 27  Comment 
Nigeria has begun the process of sharing $2.1 billion with federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans, a spokesman for the vice president said on Monday.
Financial Times  Jul 27  Comment 
Improving tax collection could help avoid default, says report
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The discrepancy between bullish ratings by Chinese firms on local bonds versus much lower ratings by the major global bond-rating companies is becoming an increasing concern.
Financial Times  Jul 26  Comment 
RenCap says investor interest indicates ‘worst is over’


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:

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