debt bomb Definition

debt bomb

Definition

Defaults on debts or other obligations taken on by large financial institutions that affect not only the economy of the financial institution's home country, but also the global financial community as well.

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Popular 'Economy' Terms

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... part of the Economy and Lending & Credit subjects.

Nearby Terms

debit balance
debit card
debit note
debit spread
debt
debt bomb
debt capital
debt consolidation
debt displacement
debt financing
debt fund

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Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice