Science and Technology Production
Book Chapter
Authorship
Date
2011
Publishing House and Editing Place
Springer
Book
ENCYCLOPEDIA OF GLOBAL JUSTICE
Springer
Springer
ISBN
978-1-4020-9160-5
Summary
Information provided by the agent in
SIGEVA
Debt relief is the partial or total forgiveness of debt, owed by individuals, corporations or nations. Things that can be owed are money, goods and services; but also moral obligations and other interactions. A basic loan is the simplest form of debt. It consists of an agreement between two parties to lend a sum of money for a fixed period of time, to be repaid by a certain date. Interests, which are a percentage of the sum of money, will also have to be paid by that time. If the creditor volun...
Debt relief is the partial or total forgiveness of debt, owed by individuals, corporations or nations. Things that can be owed are money, goods and services; but also moral obligations and other interactions. A basic loan is the simplest form of debt. It consists of an agreement between two parties to lend a sum of money for a fixed period of time, to be repaid by a certain date. Interests, which are a percentage of the sum of money, will also have to be paid by that time. If the creditor voluntarily decides to forgive the debt, the debtor will no longer have the obligation to repay it
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Key Words
DEBT RELIEFODIOUS DEBTSGLOBAL JUSTICECOSMOPOLITANISM