Top Qs
Timeline
Chat
Perspective
debt trap
From Wiktionary, the free dictionary
Remove ads
English
Etymology
Noun
debt trap (plural debt traps)
- (abstract) A situation in which a borrower's debt obligations exceed their repayment capabilities, compelling to them to incur new debt to repay existing ones.
Derived terms
Translations
a situation in which a borrower's debt obligations exceed their repayment capabilities
|
Remove ads
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads