Finance Glossary » debts http://financeglossary.edublogs.org Fri, 15 May 2009 14:28:02 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 Debt Management http://financeglossary.edublogs.org/2008/12/16/debt-management/ http://financeglossary.edublogs.org/2008/12/16/debt-management/#comments Tue, 16 Dec 2008 11:38:52 +0000 ukeconomics http://financeglossary.edublogs.org/?p=11 A debt management programme is to manage someones debts without further borrowing which involves negotiating new terms such as lower payments and reduced or frozen interest/charges based on their ability to pay.

]]> http://financeglossary.edublogs.org/2008/12/16/debt-management/feed/ 0 Debt http://financeglossary.edublogs.org/2008/12/08/debt/ http://financeglossary.edublogs.org/2008/12/08/debt/#comments Mon, 08 Dec 2008 14:24:13 +0000 ukeconomics http://financeglossary.edublogs.org/?p=8 Debt is that which is owed; usually referencing assets owed, but the term can cover other obligations. In the case of assets, debt is a means of using future purchasing power in the present before a summation has been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.

A debt is created when a creditor agrees to lend a sum of assets to a debtor. In modern society, debt is usually granted with expected repayment; in many cases, plus interest. Historically, debt was responsible for the creation of indentured servants.

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