debt overhang
noun [C or U]Definition
› ECONOMICS, FINANCE a situation in which a country, company, or organization owes more money than it can pay back so that it cannot afford to make new investments: Debt overhang in the US leaves it more vulnerable to the next downturn in the economy. This study examines the impact of debt overhangs on agricultural trade.
(Definition of debt overhang noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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