RECENT NEWS
Financial Times  1 hr ago  Comment 
UK companies have refinanced 83 per cent of their bank debt that is due to mature this year, alleviating earlier fears that they would not find the money to do so
Clusterstock  2 hrs ago  Comment 
(Ed note: the following are the author's thoughts from a recent Goldman Sachs conference) By far and away the presentation that was most interesting to me, and gave the greatest insight into likely future trends in the economy, was given by...
Business Standard  2 hrs ago  Comment 
Kingfisher Airlines is planning to raise around $600 million worth of funds in the current financial year to pay off its debt and strengthen its bottom line, in the backdrop of a turbulent time for the countrys aviation industry.
Reuters  3 hrs ago  Comment 
Northern States Power Minnesota on Monday sold $300 million of first mortgage bonds, said IFR, a Thomson Reuters service.
MarketWatch  7 hrs ago  Comment 
Companies that claim to let you pay pennies on the dollar on your debt are leading most borrowers into an unsettling experience.
CANOE.ca  7 hrs ago  Comment 
CALGARY - Crescent Point Energy Corp. (TSX:CPG) has announced plans to acquire TriAxon Resources Ltd., which is active in Saskatchewan and Alberta, in a stock and debt transaction valued at about $248.7 million.
The Debts of a Nation  7 hrs ago  Comment 
For those who don't know, Caijing has been the leading independent news agency in China. Under the stewardship of their editor, Hu Shuli, Caijing reporters have repeatedly pushed the line about what are (un)acceptable topics to cover. Media in...
The Debts of a Nation  7 hrs ago  Comment 
Is this a bearish macro signal? Higher supply chain spending indicates a belief among companies that is generally bullish. In contrast, lower supply chain spending indicates a general bearish belief. “An abrupt slowing of payments and cash...
New York Times  9 hrs ago  Comment 
German banks are trying to resuscitate securitized debt to get the credit markets moving again, according to a paper from the Federal Association of German Banks obtained by DealBook.
Reuters  9 hrs ago  Comment 
India's state-run Oil and Natural Gas Corp is looking to refinance the debt of its overseas investment arm ONGC Videsh Ltd (OVL), its chairman R.S. Sharma said on Monday. (Reporting by Rajesh Kumar Singh; Editing by Malini Menon)
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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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