Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “debt settlement”

debt settlement

noun [C or U]
 
 
FINANCE a financial agreement between a borrower and a lender in which the borrower pays back less than the full amount of a debt and the lender agrees to accept this as full payment: Debt settlement companies, which offer to arrange debt settlements for borrowers, often require a big payment upfront for their services.
(Definition of debt settlement from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of debt settlement?
Add Cambridge dictionaries to your browser to your website

Word of the Day

throw

to send something through the air with force, especially by a sudden movement of the arm

Word of the Day

Blog

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