debt relief
Noun
Meaning
debt relief (uncountable)
The partial or total forgiveness of debt.
Related terms
Examples
One of the things that Africa needs, everybody seems to agree, is some measure of debt relief.
When Uganda got debt relief in 1999, the first item President Museveni bought was a presidential jacket for himself.
Let us, above all, be clear that, without a convincing program of debt relief to start the new millennium, our objective of halving world poverty by 2015 will be only a pipe dream.
President Muhammadu Buhari and the Prime Minister of the Islamic Republic of Pakistan, Imran Khan, on Thursday afternoon had a phone conversation on the Global Initiative on Debt Relief canvassed by leaders of the Non-Aligned Movement Contact Group.
Debt relief also has the advantage that, to the extent that it is committed irrevocably up front, it can provide aid in a predictable and easy to use form.
The purpose of the Debt Relief Fund is strictly to assist small businesses that are experiencing financial challenges as a direct result of Covid-19.