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Subjects>Business>Finance

What is debt-trap?

Updated: 9/13/2023

Wiki User

∙ 9y ago

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Debt Trap is a situation where you add on a new debt in order to pay an existing debt. Generally, when the firm or an individual is over leveraged all the credit sources are exhausted, the firm or individual arrives at a situation of debt trap.

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∙ 9y ago

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