Social Sciences, asked by Anonymous, 7 months ago

Definition of Debt trap ?

Answers

Answered by Anonymous

Debt trap is situation in which a borrower is unable pay back the loan and he has to sell is any asset to repay back the borrowed money.

Answered by chaudharymuskanrc

Answer:

a situation in which a dept is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal

hope it helps... ❤

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