Question

What is Debt trap? (definition)​

Answer 1

Debt-trap diplomacy is carried out in bilateral relations, with a powerful lending country seeking to saddle a borrowing nation with enormous debt so as to increase its leverage over it.

Answer 2

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$\sf{\orange{Debt\:trap}}$ is a situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.

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