Tesla to pay off $920M in bonds with company cash

Tesla Inc. will pay off $920 million worth of bonds when they come due on Friday, using up about one quarter of the cash available for capital spending and future debt payments.

Financial education key to reducing student loan stress

It is estimated that a quarter of American adults currently have student loans to pay off, and most do not have the financial literacy to manage debt successfully. The average student in the Class of 2016 has $37,172 in student ...

Is student debt keeping Americans away from marriage?

Having a student loan could influence whether America's young adults first union after college is marriage or cohabitation. This is according to a study published in Springer's Journal of Family and Economic Issues. Lead ...

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Debt

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.

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