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Meaning of “debt relief” in the English Dictionary

"debt relief" in British English

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debt reliefnoun [U]

uk   /ˈdet rɪˌliːf/ us   /ˈdet rɪˌliːf/
(Definition of debt relief from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"debt relief" in Business English

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debt reliefnoun [U]

uk   us  
ECONOMICS, SOCIAL RESPONSIBILITY the situation when a foreign country is allowed to reduce or not pay back the money that it owes to a government or bank: a debt relief programme/plan/package Last year several countries received billions of dollars in debt relief.qualify for/be eligible for debt relief In order to qualify for debt relief, countries must fulfil a set of conditions.
(Definition of debt relief from the Cambridge Business English Dictionary © Cambridge University Press)
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