Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English


English definition of “debt consolidation”

debt consolidation

noun [U]     FINANCE
a method used for managing debt , in which you take out a single new loan and use it to pay back several of your other debts : The OFT said that the majority of debt consolidation loans took the form of a second mortgage .
(Definition of debt consolidation noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of debt consolidation

Word of the Day


the art and knowledge involved in preparing and eating good food

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More