debt repudiation
[/dɛt ˌrɛpjuˈdeɪʃən/]
nounpl: debt repudiations
repúdio da dívida
1. The act of a government or debtor refusing to acknowledge or pay a debt obligation, typically for political or economic reasons
The country's debt repudiation shocked international creditors and damaged its credit rating.
O repúdio da dívida pelo país chocou os credores internacionais e prejudicou sua classificação de crédito.
2. A formal rejection or renunciation of responsibility for a previously incurred debt
Debt repudiation during the financial crisis left many investors with significant losses.
O repúdio da dívida durante a crise financeira deixou muitos investidores com perdas significativas.
Debt repudiation is historically significant in Brazilian and Latin American contexts, with notable examples including Argentina's debt default in 2001. In the US, the term is primarily used in financial and legal discussions. In Brazil, it carries political weight and is often discussed in relation to economic crises and state finances.
NYC Slang
stiffing creditors / walking away from debt
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