Business, Legal & Accounting Glossary
A national government that owes money to international financial institutions such as the World Bank, foreign governments, or to foreign lenders. A debtor nation will have a negative balance of trade because the amount of money coming into the country from outside sources is greater than the amount of exports and money that the country sends out.
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This glossary post was last updated: 20th November, 2021 | 0 Views.