MarketWatch  3 hrs ago  Comment 
Spain debt rating lifted by S&P
MarketWatch  Oct 1  Comment 
The Treasury Department is likely to exhaust its "extraordinary measures" to keep borrowing "on or about" Nov. 5, Treasury Secretary Jacob Lew told lawmakers in a letter Thursday. In an earlier letter, Lew had said the government would be able to...
Financial Times  Oct 1  Comment 
Loan terms are the most concessionary ‘in world history’
Yahoo  Oct 1  Comment 
Glencore has told investors it is on track to cut debt and has shown new data about its secretive trading unit in a fresh attempt to dispel market worries over its finances which have knocked 70 percent off its share price this year. Its stock...
Reuters  Oct 1  Comment 
* Announces that it has successfully priced $8.6 billion of new debt in connection with its acquisition of Cablevision Systems Corporation
The Hindu Business Line  Sep 30  Comment 
India’s external debt increased by $8.5 billion in the April-June period to $482.9 billion as at June-end 2015 due to higher commercial borrowings and NRI deposits, according to the Reserve Bank o...


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:

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