Sovereign default/Definition: Difference between revisions

Revision as of 09:23, 10 April 2009

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A definition or brief description of Sovereign default.

a government's repudiation of its interest payment or debt repayment obligations.

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	a government's repudiation of its interest payment or debt repayment obligations~~, usually because of the operation of the ''debt trap''~~.		a government's repudiation of its interest payment or debt repayment obligations.