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What is debt-trap?

Anonymous

∙ 11y ago

Updated: 9/13/2023

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.

Wiki User

∙ 11y ago

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What is debt-trap?

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