Take dependency exemptions, personal exemption, the earned income credit, the child credit and a few other things and roll them, on a revenue neutral basis, into one single freely transferable credit for each person.

FORBES: Same Sex Couples - Registered Domestic Partners - Community Property - What A Mucking Fess

"The principle of Universal Credit is sound but our research has found the actual roll-out could unintentionally trap people in poverty and hardship, " the organisation's chief executive Julia Unwin said.

BBC: Queue outside a Jobcentre Plus

The investors are likely to pull the raw information about a borrower, roll up their sleeves, and analyze the credit quality themselves, either as a primary decision-making tool, or as a double-check on the rating.

FORBES: Credit Ratings and the Fiscal Cliff

The other requirement for steady performance is that the credit markets remain open, enabling high-yield companies to roll over maturing debt.

FORBES: High-Yield For Low Growth

MasterCard's been working on new-era payment systems for sometime, but now the credit corporation looks set to move past its PayPass project and roll out a service that's properly ready for the masses.

ENGADGET

What this ritual interchange reveals is a larger habit of thinking about the more enjoyable things in life: They're only on loan or acquired on credit, and sooner or later the date when they must be paid for will roll around.

CNN: Our romance with debt -- we'll pay later

Banks are being pressured by the government to roll over existing loans and make new ones, and firms encouraged to extend credit and maintain business relations.

ECONOMIST: What Japan needs is more bankruptcies, not fewer

Assuming Papandreou and his new finance minister, Evangelos Venizelos, manage to push their agenda through parliament, European policymakers are fettering over whether a debt roll over or a debt swap option will provide them with the best means to avoid a credit default and a change in credit ratings. (Read Papanderou Loses Support As Eurozone Hopes To Aver Contagion).

FORBES: Europe's Fate Hangs From A Thread Ahead Of Greek Confidence Vote

That means finding ways to persuade banks to roll over loans (stopping, in particular, the sudden withdrawal of trade and short-term interbank credit lines).

ECONOMIST: When lenders should be losers