debt relief Meaning in the Cambridge English Dictionary
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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   us  
the ​situation in which a ​bank or a ​governmenttells a ​person, a ​company, or a ​government that they do not have to ​pay back the ​money they ​owe: There are ​plans to ​providefulldebtrelief for some ​Africancountries.
(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 debtreliefprogramme/​plan/​package Last ​year several countries received ​billions of ​dollars in ​debtrelief.qualify for/be eligible for debt relief In ​order to ​qualify for ​debtrelief, countries must ​fulfil a set of ​conditions.
(Definition of debt relief from the Cambridge Business English Dictionary © Cambridge University Press)
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