Greece could be broke by June, economist says

(Phys.org) -- If international lenders refuse to renegotiate substantial reductions in Greek public debt, chances are that whatever government emerges in Greece in the next few weeks will run out of cash by the end of June, ...

Google launches $3 billion debt offering

Google Inc. added to its cash hoard Monday by issuing $3 billion in corporate debt at low interest rates. It's the first time Google has tapped the corporate bond market for money.

China's 'Silk Road' project runs into debt jam

China's massive and expanding "Belt and Road" trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.

Can solar energy help save Greece?

What happens to renewable energy programs in a country that gets whacked by a full-scale debt crisis, like the one that struck Greece beginning in 2009—do the programs whither and die in the winds of austerity? And how ...

Former physicist investigates May 6 flash crash

(PhysOrg.com) -- Ever since the "flash crash" of May 6, 2010, investors have been wondering exactly what happened that Friday afternoon. As stock markets were trending down due to concern about the debt crisis in Greece, ...

High debt could be hazardous to your health

If young people are drowning in debt, their blood pressure may be on the rise and their health could suffer. A new Northwestern Medicine® study has found that high financial debt is associated with higher diastolic blood ...

Will you ever pay off your student loan?

Would-be participants of higher education must be given full and transparent advice before they accumulate debts as students that follow them into the workplace, according to a report published in the International Journal ...

Study reveals why working poor think they are 'middle class'

The College of Human Ecology's Laura Tach and her co-authors must have trustworthy faces. Working-poor recipients of the Earned Income Tax Credit (EITC) in Boston divulged things they'd never tell the Internal Revenue Service ...

Student debt and economic hardship

Students who come out of college with debt—especially larger amounts—are more likely to face hardship and financial difficulty during their lives, finds a new study from Washington University in St. Louis.

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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.

This text uses material from Wikipedia, licensed under CC BY-SA