Debt relief is a reduction in the amount of debt that a country has to pay.
...his crusade to win debt relief for poor countries.
debt relief in British English
(dɛt rɪˈliːf)
noun
assistance with a debt burden, e.g. through being forgiven part of a debt or being given more favourable repayment terms
what these countries needed in aid, trade, debt relief and access to Western markets
Money freed up through debt relief has been spent on building schools.
debt relief in Finance
(dɛt rɪlif)
noun
(Finance: Banking, Credit)
Debt relief is a situation in which part of a debt is written off or the amount owed is reduced.
The debt accord would require major bank creditors to contribute to a $1.2 billionloan or offer the country some debt relief.
The IMF will finance debt relief for poor countries.
Debt relief is a situation in which part of a debt is written off or the amount owed is reduced.
Examples of 'debt relief' in a sentence
debt relief
There are a number of economic reasons that the current debt relief scheme could actually be harmful to the poor.
Christianity Today (2000)
Debt relief was also critical.
Times, Sunday Times (2013)
I contacted a debt relief company.
The Sun (2012)
Students who were enticed to pay tuition fees to universities making false promises that an education would lead to a good job can ask for debt relief.