Definition of debt trap in English:
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.
Definition of debt trap in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan