Foreign Debt

Definition

The money one country owes to another country, as a result of loans and/or a negative balance of trade.

Use Foreign Debt in a sentence

The United States has a very large amount of foreign debt owed to China, Russia, and many other countries around the world.

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They were really struggling to stay afloat in the current economic conditions. They had so much foreign debt that they were stuck with.

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While Greece found it necessary to seek help from other countries to maintain solvency, the crippling interest on its foreign debt now greatly hampers their recovery.

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