What do you mean by dept trap
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A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal. 'a new personal bankruptcy law aims to help individuals free themselves from the debt trap'.
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1
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A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal. 'a new personal bankruptcy law aims to help individuals free themselves from the debt trap'.
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