Debt relief

Reducing the principal and/or interest payments on LDC loans. The New York Times Financial Glossary

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debt relief UK US noun [U]
ECONOMICS, SOCIAL RESPONSIBILITY the situation when a foreign country is allowed to reduce or not pay back the money that it owes to a government or bank: »

a debt relief programme/plan/package

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Last year several countries received billions of dollars in debt relief.

qualify for/be eligible for debt relief »

In order to qualify for debt relief, countries must fulfil a set of conditions.


Financial and business terms. 2012.

Look at other dictionaries:

  • Debt relief — is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and… …   Wikipedia

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  • debt relief — Reducing the principal and/or interest payments on less developed country loans. Bloomberg Financial Dictionary * * * debt relief debt relief ➔ relief * * * debt relief UK US noun [U] ► ECONOMICS, SOCIAL RESPONSIBILITY the situation when a… …   Financial and business terms

  • debt relief — debt re.lief n [U] an arrangement in which very poor countries do not have to pay back all the money that has been lent to them by richer countries …   Dictionary of contemporary English

  • debt relief — debt re,lief noun uncount the practice of letting poor countries not pay back what they owe to rich countries …   Usage of the words and phrases in modern English

  • debt relief — UK / US noun [uncountable] the practice of letting poor countries not pay back what they owe to rich countries …   English dictionary

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  • Debt Relief Order — Chapter 4 of the Tribunals Courts and Enforcement Act 2007 introduced Debt Relief Orders as a new form of bankruptcy in the United Kingdom. A DRO will be a simplified, quicker and cheaper alternative to bankruptcy in the United Kingdom, suitable… …   Wikipedia

  • Mortgage Forgiveness Debt Relief Act of 2007 — The Mortgage Forgiveness Debt Relief Act was introduced in Congress on September 25, 2007, and became law on December 20, 2007. This act offered relief to homeowners who would formerly owe taxes on forgiven mortgage debt after facing foreclosure …   Wikipedia

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