debt relief

English - Turkish

Definition of debt relief in English Turkish dictionary

(Ticaret) borcun hafiflemesi

(Ticaret) borç yardımı

(Ticaret) borç erteleme

(Ticaret) borç ertelemesi

English - English

Definition of debt relief in English English dictionary

an arrangement in which very poor countries do not have to pay back all the money that has been lent to them by richer countries

Reducing the principal and/or interest payments on LDC loans

Debt relief may take the form of either refinancing, re-organisation, rescheduling or cancellation of all repayments A loan is refinanced when the creditor country makes a new loan to enable the debtor country to meet the debt service payments on an earlier loan A loan is rescheduled when the amortisation or interest payments or both on the outstanding portion are rearranged to make payment easier See also Paris Club and Retrospective Terms Adjustment

Hyphenation

debt re·lief

Turkish pronunciation

det rilif

Pronunciation

/ˈdet rēˈlēf/ /ˈdɛt riːˈliːf/