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

New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says

New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says
New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says
January 07, 2021  |  Economy

The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city’s economy...

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Today In Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12 Pct Revenue Increase
Today In Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12...
December 17, 2020  |  Retail

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its...

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Fashion Retailer rue21 Strikes Deal To Retire Debt
Fashion Retailer rue21 Strikes Deal To Retire Debt
December 17, 2020  |  Retail

Fashion retailer rue21 (r21 Holdings, Inc.) said that its formidable financial standing enabled it to refinance its current term loan, decrease the cost of funds...

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Taking A Delicate Approach To Property Managers’ AR Strategies
Taking A Delicate Approach To Property Managers’ AR Strategies
December 16, 2020  |  B2B Payments

The havoc the pandemic has wreaked on the global economy continues to have trickle-down impacts on an array of industries, not least of all the...

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Nonfinancial Corporations Sitting On Record Pile Of Cash
Nonfinancial Corporations Sitting On Record Pile Of Cash
December 04, 2020  |  Cash

Nonfinancial corporations are sitting on a record amount of cash assets, hitting a record $2.1 trillion at the end of June, up 30 percent over...

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Holiday Rebound: Apparel Retailers Drive Sales With Flexible Payment Options
Holiday Rebound: Apparel Retailers Drive Sales With Flexible Payment Options
December 02, 2020  |  BNPL

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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COVID Programs Allowing Loan Deferrals Have Shown Mixed Outcomes
COVID Programs Allowing Loan Deferrals Have Shown Mixed Outcomes
November 29, 2020  |  Loans

The loan payment relief required by the federal CARES Act in response to household income disruption caused by the pandemic has produced mixed results, The...

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Today In Payments: US Consumers Pay Down $10B In Credit Card Debt In Q3; Amazon Takes On Pharmacies
Today In Payments: US Consumers Pay Down $10B In Credit Card Debt In Q3; Amazon...
November 18, 2020  |  News

In today’s top news, U.S. consumers paid off $10 billion in credit card debt in the third quarter of 2020, and Amazon Pharmacy launched for...

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