RECENT NEWS  3 hrs ago  Comment 
Mortgage rates near all-time lows is what is keeping costs down, but don't look for that to continue much longer, says RBC
The Hindu Business Line  5 hrs ago  Comment 
India’s external debt rose by 7.6 per cent to $440.6 billion in 2013—14 mainly due to rise in non—resident Indians deposits, the Reserve Bank said. India’s external debt stood at $390 bil...
The Straits Times  Aug 28  Comment 
August 29, 2014 12:51 AM THE brother of Chen Jihong, the metal trader said to be at the centre of a Chinese loan fraud probe, is being sued by Las Vegas Sands' Singapore unit over unpaid gambling debts.
MarketWatch  Aug 28  Comment 
It’s easy to bash corporate CEOs, but this insurance executive deserves great respect, writes Phil van Doorn.  Aug 28  Comment 
Mortgage rates near all-time lows is what is keeping costs down, but don't look for that to continue much longer, says RBC
The Economic Times  Aug 28  Comment 
"It will obviously help them reschedule their cash flows and debt payments which will improve their cash flows going forward."


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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