Debt

RECENT NEWS
Financial Times  Mar 29  Comment 
Evergrande’s full-year net profit halves due to soaring repayments
Forbes  Mar 28  Comment 
A persistent reach for yield from overseas investors has led them to pump money into the U.S. corporate bond market.
TechCrunch  Mar 28  Comment 
 Venture debt has been much in the news lately. Are desperate times beginning to call for desperate measures? That might be an overstatement. At the same time, the venture debt firm Western Technology Investment has seen plenty of cycles and...
TechCrunch  Mar 28  Comment 
 A startup called Collectly is moving the debt collection process online and providing more transparency around how the process is going. By doing so, the company is recovering debt at twice the rate of traditional collection agencies. Read More
MarketWatch  Mar 28  Comment 
One of the president’s more intriguing ideas: why not sell off some of those rights and pay down part of the debt?




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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. 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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