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BusinessDictionary.com
debt forgiveness
Definition
Writing-off of a portion of one or more
loans
to a financially troubled firm by its lender(s). The
objective
is to help that firm in its
debt restructuring
so that it remains
viable
and is
able
to
pay
off the remaining part of the loan(s).
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Nearby Terms
debt extinguishment
debt factoring
debt financing
debt for bond swap
debt for environment swap
debt for export swap
debt forgiveness
debt instrument
debt investment
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