Business, Legal & Accounting Glossary
noun U.S. a loan where the borrower is not likely to pay any interest nor to repay the principal, as in the case of loans to Third World countries by western banks a loan where the borrower is not likely to pay any interest nor to repay the principal, as in the case of loans to Third World countries by western banks
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This glossary post was last updated: 20th November, 2021 | 0 Views.