New York Times  3 hrs ago  Comment 
Joshua Bryce Newman’s interests, which include some in movies and gyms, have left him embroiled in litigation.
Financial Times  Apr 16  Comment 
Country’s officials make informal approach to delay repayments of its loans
Financial Times  Apr 16  Comment 
Spike in household borrowing casts doubt over generals’ plans to revive growth
Financial Times  Apr 16  Comment 
US and Europe stocks dip as Shanghai surges to fresh 7-year high
Clusterstock  Apr 14  Comment 
In the years before the financial crisis, the American consumer borrowed a lot of money to boost their spending. They took out mortgages to buy homes, they took out auto loans to buy cars, they took out student loans to go to college, and they...
Wall Street Journal  Apr 14  Comment 
Ukraine’s finance minister warns creditors to come to the table now to restructure $40 billion in debt or face the risks of an uncertain economic, political and military climate down the road.
Reuters  Apr 14  Comment 
Texas's largest power company, the bankrupt Energy Future Holdings Corp, on Tuesday laid out a plan for cutting $42 billion in debt and said it will seek...


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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