Meaning DEBT CANCELLATION
What does DEBT CANCELLATION mean? Here you find 3 meanings of the word DEBT CANCELLATION. You can also add a definition of DEBT CANCELLATION yourself

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DEBT CANCELLATION


Debt cancellation occurs when there is an agreement between the debtor and the creditor that an outstanding debt no longer needs to be repaid.
Source: stats.oecd.org

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DEBT CANCELLATION


The most extreme form of debt relief, in which a country's debts are completely forgiven, so that no repayment of interest or principal is required.
Source: www-personal.umich.edu

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DEBT CANCELLATION


Definition The process of a creditor canceling a debt previously owed by a debtor. This can occur for number of reasons such as fraud, court order, or mutual agreement between both parties.
Source: investorwords.com





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