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

Macy’s Could Raise Up To $5B In Debt Amid COVID-19

Macy’s Could Raise Up To $5B In Debt Amid COVID-19
Macy’s Could Raise Up To $5B In Debt Amid COVID-19
April 22, 2020  |  Retail

To contend with the COVID-19 pandemic, Macy’s is considering raising up to $5 billion worth of debt. The retailer will look to bring in $3...

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Consumers Pay Down Credit Card Debt As Businesses Ramp It Up
Consumers Pay Down Credit Card Debt As Businesses Ramp It Up
April 19, 2020  |  Economy

As the coronavirus pandemic continues, a sharp difference emerges between the ways consumers and businesses are dealing with credit: Consumers are spending less and have...

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New Data Says Department Stores Have 40 Percent Chance Of Defaulting
New Data Says Department Stores Have 40 Percent Chance Of Defaulting
April 09, 2020  |  Retail

Former Rue21 CEO Bob Fisch said in a recent interview that department stores were “fossils” and belonged in museums only, and new market data doesn’t...

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SMBs Wary Of Stimulus Loans Without Returning Consumers
SMBs Wary Of Stimulus Loans Without Returning Consumers
March 25, 2020  |  Economy

A debt trap may loom for the smaller businesses that desperately, and immediately, need access to capital. Get the Full Story Complete the form to...

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UK Department Store Group Debenhams Requests Five-Month Rent Freeze
UK Department Store Group Debenhams Requests Five-Month Rent Freeze
March 16, 2020  |  Retail

Troubled British department store chain Debenhams is asking for relief from landlords for five months of rent as it anticipates trouble from the ongoing coronavirus...

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Fed Asks Banks To Work With Borrowers Impacted By Coronavirus
Fed Asks Banks To Work With Borrowers Impacted By Coronavirus
March 09, 2020  |  Economy

Banking regulators around the U.S. wrote a joint statement telling banks they wouldn’t be penalized for helping borrowers who are dealing with the financial consequences...

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Will The Coronavirus Unleash Corporate Debt Contagion?
Will The Coronavirus Unleash Corporate Debt Contagion?
March 09, 2020  |  Economy

As the coronavirus roils markets, as indexes swing down — and up — by several percentage points daily, and as interest rates get ever smaller,...

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InDebted Notches $14M To Use Machine Learning In Debt Collection
InDebted Notches $14M To Use Machine Learning In Debt Collection
March 05, 2020  |  Consumer Finance

The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital firms Carthona Capital...

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