China is an important economic player in Africa. In 2021 alone, China accounted for nearly US$5 billion in foreign direct investment in African countries. The rapidly increasing Chinese presence across Africa has become a ...
Economics & Business
May 30, 2023
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Much ado about the debt ceiling the past couple months. As the issue plays on (and on and on) in the news cycle, a reset is in order. Let's get to the nuts and bolts of an issue that—believe it or don't—can be understood ...
Economics & Business
May 18, 2023
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6
Nearly two-thirds of New Zealanders are worried about the cost of living, and a quarter are worried about putting food on the table. But the shame that can come with financial stress is preventing some people from seeking ...
Social Sciences
Mar 28, 2023
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Consumers who are honest about their level of debt and join peer-supported debt counseling groups are more likely to get their finances in order than those who keep it a secret, according to a new study in the Journal of ...
Social Sciences
Feb 15, 2023
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3
Millions of Americans mired in medical debt face difficult financial decisions every day—pay the debt or pay for rent, utilities and groceries. Some may even skip necessary health care for fear of sinking deeper into debt.
Economics & Business
Feb 15, 2023
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3
States could take steps now to soften the impact of a recession by protecting residents with unsecured debt, according to a new study that reveals an inequitable patchwork of protections for Americans who are behind on their ...
Social Sciences
Feb 13, 2023
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31
After decades of declining real wages and deteriorating working conditions, strike activity has spiked over the last year, particularly in the United Kingdom. From nurses and teachers to railway and postal workers, employees ...
Social Sciences
Jan 26, 2023
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3
It's not exactly comforting that the United States is running up against its debt limit, as officials announced this week, nor is there immediate cause for concern for the average taxpayer, says University of Michigan economist ...
Economics & Business
Jan 20, 2023
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In his new book, sociologist Jason Houle reveals how Black borrowers are disproportionately affected by the student loan crisis and shows how this disparity perpetuates social and economic inequality.
Social Sciences
Dec 20, 2022
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10
Startups should pay attention to gender diversity from the get-go. UvA Economics and Business researchers Dr. Yuval Engel and Dr. Tanja Hentschel, together with colleagues in the US, conducted research about why women are ...
Social Sciences
Dec 1, 2022
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3
A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.
A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in modern society, in most cases, of the original sum plus interest.
In finance, debt is a means of using anticipated future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.
This text uses material from Wikipedia, licensed under CC BY-SA
