debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Hilton To Permanently Close Its Hotel In New York City’s Times Square
Hilton To Permanently Close Its Hotel In New York City’s Times Square
September 03, 2020  |  Economy

The Hilton Times Square is the latest victim of the coronavirus pandemic. In a filing with New York’s State Department of Labor, the managing director...

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Today In Payments: Amazon India Adds Insurance, Gold; Walmart’s Stock Up 6 Pct On News Of Walmart+
Today In Payments: Amazon India Adds Insurance, Gold; Walmart’s Stock Up 6 Pct On News...
September 02, 2020  |  News

In today’s top news, Amazon India added insurance and gold to its offerings, and Walmart’s stock was up 6 percent yesterday (Sept. 1) after the...

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US Corporations Owe Creditors Record $10.5T In Debt
US Corporations Owe Creditors Record $10.5T In Debt
September 01, 2020  |  Debt

The pandemic has fueled a record $10.5 trillion debt owed to creditors by U.S. corporations, 30 times the debt of 50 years ago, MarketWatch reported,...

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India’s Future Retail Narrowly Avoids Debt Default
India’s Future Retail Narrowly Avoids Debt Default
August 24, 2020  |  Debt

Future Retail, a sprawling brick-and-mortar operation owned by Indian billionaire Kishore Biyani, made a $14 million interest payment to debt-holders on Monday (Aug. 24) –...

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Mall Of America Avoids Foreclosure
Mall Of America Avoids Foreclosure
August 21, 2020  |  Retail

The bad news continues to pile up for the mall sector. With real estate investment trust CBL Properties reportedly preparing to file for bankruptcy earlier...

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India’s Consumers Struggle To Overcome Virus Shutdown
India’s Consumers Struggle To Overcome Virus Shutdown
August 20, 2020  |  International

In heavily coronavirus-ravaged India, the people hit the hardest are those who have only just gotten into the middle class and those below them, The...

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Citibank Files Suit For $176M Payment Made By Mistake
Citibank Files Suit For $176M Payment Made By Mistake
August 18, 2020  |  Debt

Citigroup Inc. has asked a federal judge to order Brigade Capital Management LP to return $176 million accidentally paid to the New York-based global investment...

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China’s P2P Lending Crackdown Leaves $115B In Losses
China’s P2P Lending Crackdown Leaves $115B In Losses
August 14, 2020  |  Loans

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans...

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Today In Payments: Trump Bans WeChat; Uber Counters Ridesharing Slump With Delivery Double-Up
Today In Payments: Trump Bans WeChat; Uber Counters Ridesharing Slump With Delivery Double-Up
August 07, 2020  |  News

In today’s top news, Tencent’s stock dropped 10 percent after President Trump banned WeChat, and Uber reported earnings rooted in delivery revenue. Plus, U.S. household...

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