debt trap

English dictionary entry

Meanings

noun
  1. A situation in which a borrower's debt obligations exceed their repayment capabilities, compelling to them to incur new debt to repay existing ones.

Word forms

debt trap debt traps

Etymology

From debt + trap.

Derived words

This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.