what is meant by debt trap?
shivam96:
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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Answered by
31
Debt means loan debt trap means,
If we take a loan,if we cannot clear it once,we will fall in a deep debt trap mainly farmers get to debt trap
If we take a loan,if we cannot clear it once,we will fall in a deep debt trap mainly farmers get to debt trap
Answered by
18
A situation from which recovery is not possible or we can say in which a person has taken a loan and now he is not able to repay because of interest payments.
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