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Reuters  2 hrs ago  Comment 
Veteran U.S. dealmaker Ken Moelis has taken a key role among advisers lining up to tackle Dubai's debt problems, stepping in after helping Dubai World on a $8 billion deal eight months ago to develop the Las Vegas Strip. [ID:nGEE5B114H]
Sydney Morning Herald  8 hrs ago  Comment 
Wall Street Journal  4 hrs ago  Comment 
The indebted Russian aluminum giant received agreement from the last remaining lender, London-based fund Blue Crest, on the restructuring of its $7.4 billion debt to more than 70 international banks.
The Globe and Mail  5 hrs ago  Comment 
Saddled with student, mortgage and reno debt? RBC's Suzanne Schultz helps put young families on track with a budget
MarketWatch  12 hrs ago  Comment 
Any windfalls consumers get this holiday season are far more likely to be used to pay down debt than to splurge on additional shopping, a new survey finds.
Wall Street Journal  Dec 1  Comment 
J.P. Morgan is expected to convert $500 million in debt from Inland Western Retail RealEstate Trust into a CMBS offering.
Financial Times  Dec 1  Comment 
Some of the most controversial financing practices of the credit-bubble years – from cov lite loans to Pik toggle notes and dividend recap exercises – have returned to Wall Street, stoking fears that debt markets are growing overheated
The Debts of a Nation  Dec 1  Comment 
I was bullish on a rebound on world trade earlier this fall. Spot freight rates are up and so is container volume according to two industry data sources. Bulls have hope according to two industry sources that see higher container volume and spot...
The Economic Times  Dec 1  Comment 
The figures are alarming when compared against the net recovery of these government entities and the fact that a part of these write-offs included one-time settlements.
Financial Times  Dec 1  Comment 
The aluminium group is expected to announce that it has finally completed an agreement to restructure nearly $17bn in debt, paving the way for an initial public offering
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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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