Repudiation of debt

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Updated: Aug 20, 2021

The unilateral rejection of debt obligations by a debtor. A sovereign state is able to repudiate debt without punishment except for a loss of credibility and reputation. Any other debtor is liable to legal sanctions.

Reference: Oxford Press Dictonary of Economics, 5th edt.



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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.