Business, Legal & Accounting Glossary
The money one country owes to another country, as a result of loans and/or a negative balance of trade.
The United States has a very large amount of foreign debt owed to China, Russia, and many other countries around the world.
They were really struggling to stay afloat in the current economic conditions. They had so much foreign debt that they were stuck with.
While Greece found it necessary to seek help from other countries to maintain solvency, the crippling interest on its foreign debt now greatly hampers their recovery.
foreign position
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This glossary post was last updated: 2nd November, 2021 | 0 Views.