Debt

RECENT NEWS
MarketWatch  3 hrs ago  Comment 
Papa Murphy's Holdings Inc. said Tuesday that it will be refranchising stores it owns in certain markets and using the cash raised to reduce its debt. The company said it would be retaining a royalty annuity in those sales, which along with other...
Channel News Asia  5 hrs ago  Comment 
Under this new scheme, customers can consolidate all their unsecured credit balances across the 14 banks with just one institution.  
Financial Times  12 hrs ago  Comment 
Emirate to join other Gulf states in doing mega-bond deals amid low oil prices
Financial Times  Jan 16  Comment 
Strong investor demand for loan funds helps underpin record repricing move
Motley Fool  Jan 15  Comment 
The average American consumer owes a little more than $5,000 on credit cards. If you're also deep in debt, here's what you can do.
Reuters  Jan 13  Comment 
U.S. discount footwear retailer Payless Inc is working with debt-restructuring attorneys to deal with its approximately $665 million in debt as foot traffic at its stores declines, according to people familiar with the matter.
newratings.com  Jan 13  Comment 
ROME (dpa-AFX) - Canadian rating agency DBRS announced Friday it has downgraded its long-term ratings on Italy's debt after its failed constitutional referendum last month. DBRS downgraded Italy's Long-Term Foreign Currency - Issuer...
BBC News  Jan 13  Comment 
An increasing number of borrowers faced difficulties repaying debts late last year, lenders report.




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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