1 |
DEBT CANCELLATIONDebt cancellation occurs when there is an agreement between the debtor and the creditor that an outstanding debt no longer needs to be repaid.
|
2 |
DEBT CANCELLATIONThe 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.
|
3 |
DEBT CANCELLATIONDefinition 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.
|
<< DEBT BUYBACK | DEBT CONVERSION >> |