debt relief

debt relief
debt relief UK US noun [uncountable]
the practice of letting poor countries not pay back what they owe to rich countries
Thesaurus: government programmes and policieshyponym

Useful english dictionary. 2012.

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  • 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

  • Debt relief — Reducing the principal and/or interest payments on LDC loans. The New York Times Financial Glossary * * * debt relief debt relief ➔ relief * * * debt relief UK US noun [U] ► ECONOMICS, SOCIAL RESPONSIBILITY the situation when a foreign country is …   Financial and business terms

  • 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 agency — Any person who provides any bankruptcy assistance to an assisted person in return for the payment of money or other valuable consideration. Does not include nonprofit organizations, creditors of assisted persons, depository institutions, or… …   Glossary of Bankruptcy

  • debt relief agency — Any person or company including lawyers and bankruptcy petition preparers, but excluding banks, nonprofits, and government agencies that provides advices, information, counsel, document preparation, or other services to a person who is… …   Law dictionary

  • 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 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

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

  • 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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