debt forgiveness |
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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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debt forgiveness is in the Banking, Commerce & Finance and Economics, Politics, & Society subjects.
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http://www.businessdictionary.com/definition/debt-forgiveness.html