debt forgiveness


debt forgiveness
nullification of a debt

English contemporary dictionary. 2014.

Look at other dictionaries:

  • debt forgiveness — Fin the writing off of all or part of a nation’s debt by a lender …   The ultimate business dictionary

  • Debt relief — is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and… …   Wikipedia

  • Debt settlement — Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.[1] Debt settlement is… …   Wikipedia

  • Debt deflation — is a theory of economic cycles, which holds that recessions and depressions are due to the overall level of debt shrinking (deflating): the credit cycle is the cause of the economic cycle. The theory was developed by Irving Fisher following the… …   Wikipedia

  • forgiveness — forgive for‧give [fəˈgɪv ǁ fər ] verb forgave PASTTENSE [ ˈgeɪv] forgiven PASTPART [ ˈgɪvn] [transitive] FINANCE to state that a debt does not have to be paid: • Under the plan, the US forgave $2.6 billion, or …   Financial and business terms

  • Debt Discharge — The cancellation or forgiveness of a debt. Debt discharge results in taxable income to the debtor unless the forgiveness is a gift or bequest. When a debt is discharged by an institution, the debtor will usually receive a Form 1099 C that shows… …   Investment dictionary

  • debt — noun 1 sum of money owed ADJECTIVE ▪ big, crippling, enormous, heavy, high, huge, large, massive, substantial ▪ …   Collocations dictionary

  • forgiveness — A re establishment of personal relations after a rupture. Although in the OT God does not forgive automatically, as though that is what he exists for, he is described as always ready to forgive when the right conditions are in place (Neh. 9:17).… …   Dictionary of the Bible

  • Debt Overhang — A debt burden that is so large that an entity cannot take on additional debt to finance future projects, even those that are profitable enough to enable it to reduce its indebtedness over time. Debt overhang serves to dissuade current investment …   Investment dictionary

  • Cancellation Of Debt - COD — When a creditor forgives a debt without requiring consideration in return. The amount of debt that is forgiven by cancellation of debt is considered income to the debtor and must be reported as a result. In most cases, it is taxable as ordinary… …   Investment dictionary


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