A debt generally refers to something owed by one party, the borrower or debtor, to a second party, the lender or creditor. The lender or creditor can be a bank, credit card company, payday loan provider, or an individual. One country can also lend money to another country. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person.
Interest is the fee charged by the creditor to the debtor. Interest is generally calculated as a percentage of the principal sum per year, which percentage is known as an interest rate, and is generally paid periodically at intervals, such as monthly or semi-annually.
Many conventions on how interest is calculated exist – see day count convention for some – while a standard convention is the annual percentage rate (APR), widely used and required by regulation in the United States and United Kingdom, though there are different forms of APR.
Debt is an American game show hosted by Wink Martindale which aired on Lifetime from June 3, 1996 to August 14, 1998. The show featured contestants who were trying to earn money to get out of debt.
The game was conceived by Sarah Jane West. Its host was Wink Martindale, and Kurt Engstrom was featured as an assistant playing the role of a security guard. Julie Claire was the show's announcer.
Three contestants are introduced with the amount of debt they have (usually between $6,000 and $10,000) and the reasons why. After introductions, the debt of the three contestants was averaged to level the playing field. The scores were shown in negative amounts to reflect the debt of each contestant.
Round 1 (General Debt)
In the first round, contestants faced a gameboard with five categories, each with five questions in negative dollar values ranging from −$50 to −$250, in increments of $50. The first selection went to the contestant who had the lowest debt before averaging the scores. On a contestant's turn, he or she chose a category and value, after which a "Who am I?"-type question was revealed (e.g., "I'm the name of the fictitious, mustachioed 'ranking officer' who hawks the Quaker Oats cereal Peanut Butter Crunch."). Contestants buzzed-in to answer and were required to phrase their response as "You are..." to receive credit (although the contraction "You're" also was accepted). The correct answer to the example is "You are Cap'n Crunch." A correct answer deducted the question's value from the contestant's debt. A wrong answer or failing to respond within the time frame added the value, increasing the contestant's debt.
The Romans even owe a debt to the Etruscans for their writing, following the fact that the Etruscans adopted their alphabet from the ancient Greeks—directly or through the Phyrgians—and the Romans began the craft of writing using this same alphabet.
With many UK stocks continuing to look cheap, the vultures have started to circle ...Withering on the vine ... Competition ... Moreover, following the disposal of its Greek business this year, the company is set to significantly improve its debt position ... .
It means that the Greek economy is massively producing the new poor ... It was thanks to the devaluation of labor that the competitiveness of the Greek economy improved in the years of the deep debt crisis – and it bore the heaviest burden.
The chequered history of Greek politics since 1945 suggests that where there is a vacuum there is often trouble ... Credit-rating agencies rewarded us by returning Greek debt to investment-grade status.
Financing for the remaining amount includes €76.6 million in commercial debt from a consortium of Greek banks, namely Alpha Bank, Eurobank and the National Bank of Greece, and €51.1 million in shareholder equity.
The overdue debt owed by Greeks to the state and financial institutions – i.e ... These debts are divided between public and private sector entities as follows ... Most applications concern citizens with debts in the range of €50,000-200,000.
Big shopping concerns decided in the 1990s that what banking needed was consumer know-how ... With debt vanishing, helped by the Greek disposal, there is greater focus on investment in integration of systems allowing a closer grip on overseas operations.
Greek banks are expected to post strong profits for 2023 and 2024 and hope to start paying dividends in 2024 for the first time since 2010 when the Greek debt crisis erupted ... Greek debt crisis erupted.
After emerging from a debt crisis in 2018, tourism has been the main driver of Greece's economy and generates around a quarter of Greece's GDP even as some critics warn of the impact of "overtourism" ...