Definition of debt trap in English:

debt trap

Line breaks: debt trap

noun

  • A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal: a new personal bankruptcy law aims to help individuals free themselves from the debt trap countries like Greece and Portugal are already caught in a debt trap
    More example sentences
    • Some of these loans though offered on soft terms tend to tie countries to long terms of repayments thus locking future generations to debt traps.
    • As well as helping people to escape the debt trap, extra effort needs to be put into helping them to avoid living beyond their means in the first place.
    • The debt trap often springs with us only feeling the pain at a later stage when getting out has become almost impossible.

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Word of the day kerf
Pronunciation: kəːf
noun
a slit made by cutting with a saw