what is a credit and death trap?
Answers
Answer:
Definition of death trap
: a structure or situation that is potentially very dangerous to life
Examples of death trap in a Sentence
That old elevator is a death trap.
The factory was a death trap with too few exits for the workers to use in case of a fire.
Answer:
Debt Trap.
Debt Trap. A debt trap is a situation in which a borrower is led into a cycle of re-borrowing, or rolling over, their loan payments because they are unable to afford the scheduled payments on the principal of a loan. These traps are usually caused by high-interest rates and short terms.
Credit.
Credit is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date.