The Hindu Business Line  6 hrs ago  Comment 
But it’s running out of time to conclude its big-ticket deals, which are critical for the next growth phase  6 hrs ago  Comment 
Jack Lew warns debt crisis in US territory ‘will ratchet up’ if it defaults on $2bn payment on Friday as Senate expected to vote on bill later this week The US Senate must take immediate action to address Puerto Rico’s $70bn debt crisis,...
Yahoo  6 hrs ago  Comment 
A new Washington study says Donald Trump's tax and budget plans would make the national debt skyrocket by $10 trillion or more over the coming decade, mostly because of his ambitious and expensive tax cuts.
Clusterstock  10 hrs ago  Comment 
WASHINGTON (Reuters) - The Supreme Court on Monday allowed a class-action lawsuit against debt collector Encore Capital Group Inc to move forward, declining to hear its claim that such companies should be protected from state "usury" laws barring...
Motley Fool  12 hrs ago  Comment 
Paying down burdensome liabilities is a good thing, so why have shares fallen in response?  Jun 26  Comment 
There are many stark differences between Hillary Clinton and Donald Trump.
The Hindu Business Line  Jun 26  Comment 
In resolving the issue, the government, regulator and industry should be mindful of the impact on jobs and infrastructure
Financial Times  Jun 26  Comment 
Gilt market faces critical week with yields near record lows but investors paying up for insurance
The Times of India  Jun 26  Comment 
Foreign investors have pulled out close to Rs 6,200 crore from the country's stock markets so far this month, taking the total outflow to more than Rs 11,500 crore in 2016. The outflow trend is expected to continue in the coming days following...


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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