debt trap (0 synonym found)

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Definition of debt trap:

(n) : (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.

Definition of debt trap:

(n) : (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.

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