RECENT NEWS
Asia on Debt Binge as World Sobers Up
Wall Street Journal  42 min ago  Comment 
Asia's emerging economies are piling on debt to fuel growth, in stark contrast to the scaling back of private debt in the U.S. and Europe.
Suntech's debt tops $500m, and counting
Sydney Morning Herald  7 hrs ago  Comment 
The restructuring administrator of Suntech Power’s main Chinese unit, which was forced into bankruptcy in March, has confirmed 3.32 billion yuan ($535 million) of debt claims.     
Manchester United refinance debt to cut interest costs by £10m a year
guardian.co.uk  7 hrs ago  Comment 
• Club secure new loan from Bank of America at lower rates • United refinance more than £192m of high-interest debt Manchester United say they have refinanced more than £192m of high-interest debt, cutting the club's interest costs by...
How Congress could raise student loan debt
MarketWatch  9 hrs ago  Comment 
College students buckling under the weight of rising tuition face a new threat: rising interest rates on loans.
Spain mulls inflation-linked debt sale
Financial Times  12 hrs ago  Comment 
Spanish bond yields have fallen sharply since the height of the eurozone debt crisis, driven by promise of intervention from the European Central Bank
NCC to trim debt, divest stake in road assets
The Hindu Business Line  May 23  Comment 
Looking to rope in partner for power project
[$] Debt Holds the Key to Severn Trent
Wall Street Journal  May 23  Comment 
There is blue water between the two sides in the battle for Severn Trent. If the consortium considering a firm offer for the U.K. water utility wants to bridge the divide, it will have to win the debate over the company's debt.
State Bank of India to restructure up to $1 billion debt in three to four months
Reuters  May 23  Comment 
State Bank Of India , the country's largest lender, expects to restructure 50 billion to 60 billion rupees ($0.9-$1.08 billion) of debt in the next three to four months, Chairman...




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more ▼WIKI ANALYSIS
This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

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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