News tagged with debt

Side effect: Crisis in Greece hits mental health

Greece is not feeling well. One in four men, and one in three women, has endured recent bouts of depression. As the grinding economic crisis continues to batter people's nerves, suicides and psychosomatic illness are both ...

Jun 04, 2012
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Medical debt keeps rising, new report shows

Hard hit by one of the worst recessions in nearly a century, hundreds of thousands of Californians lost insurance coverage across the state as employers shed jobs and the health plans that came with those jobs, according ...

Feb 06, 2012
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Germany wages war against 'burnout'

Germany, holding up better than its eurozone partners in the current debt crisis, is battling the increasingly widespread phenomenon of "burnout" which it says is costing its economy billions of euros (dollars) each year.

Feb 05, 2012
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Slovakia doctors threaten to leave over low pay

(AP) -- Slovakia has declared a state of emergency in more than a dozen hospitals to ensure that health care is not compromised after thousands of doctors resigned from public hospitals over low pay.

Nov 29, 2011
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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