Repudiation of debt

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
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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.