RECENT NEWS
Financial Times  Nov 8  Comment 
The European Union’s public debt could rise to 100 per cent of gross domestic product by 2014 unless governments take firm action to restore fiscal discipline, EU finance ministers will be warned
WA Business News  Nov 8  Comment 
Shares in West Perth-based Regis Resources remained steady in trading today following the announcement of a $45 million debt facitlity the company will use to develop its $73 million Duketon gold project.
Business Standard  Nov 8  Comment 
At a time when corporate India is trying hard to shed its debt burden, broking companies are witnessing a rise in their debt equity ratio. With markets having picked up and volumes surging, brokerages are going ahead with their expansion plans,...
The Australian  Nov 8  Comment 
AUSTRALIAN debt capital markets have recorded some of the fastest growth in the world as major banks diversify their funding bases.
Michael James on Money  Nov 8  Comment 
This is a Sunday feature looking back at selected articles from the early days of this blog before readership had ramped up. Enjoy. When people get into trouble with their debts, they usually have several different debts including credit cards,...
guardian.co.uk  Nov 8  Comment 
The OFT has launched a review aimed at cracking down on practices that are hurting consumers Debt management firms' online adverts, cold calls and customer complaint procedures are to be scrutinised by the Office of Fair Trading in a bid to...
Distressed Debt Investing  Nov 7  Comment 
Before getting to our lesson on fraudulent conveyance, I would like thank those that have applied to the Distressed Debt Investors Club. The rate of applications coming in is better than I expected. I am humbled by the response of our readers. ...
New Straits Times  Nov 7  Comment 
KUALA LUMPUR, Sat: The Malaysian Association of Youth Clubs (MAYC) will not sell its assets including the MAYC Complex in Jalan Syed Putra here to settle outstanding debts totalling RM9 million, said its outgoing president Tan Sri Syed Hamid Albar.
Financial Armageddon  Nov 7  Comment 
It's not quite Kübler-Ross' five stages of grief -- in fact, it's more like two -- but it seems that at least some mainstream media types have stopped drinking the Keynesian Kool-Aid. They are beginning to accept that an exponential increase in...
Simoleon Sense  Nov 6  Comment 
Dear readers, I'm happy to present our latest interview with Hunter founder of the Distressed Debt Investing Blog & Distressed Debt Investors Club. Hunter brings a different perspective to value investing. Enjoy! Background: Hunter has spent...
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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.

It is common for consumers, businesses and even governments to assume debt.

Debt, as a balance sheet item, includes the following:

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