The phrase "absence of debt" is correct and usable in written English.
It can be used in financial contexts to describe a situation where an individual or entity does not owe any money.
Example: "The company's strong financial position is highlighted by its absence of debt, allowing for greater investment opportunities."
Alternatives: "debt-free status" or "lack of liabilities."
Beyond 2008, however, it is impossible to know how much donors would have coughed up in the absence of debt relief.
Last spring, Princeton economists Cecilia Rouse and Jesse Rothstein released a working paper about the effects that debt, or the absence of debt, can have on the career choices of recent college graduates.
Not only has Greece defaulted on a loan from the International Monetary Fund but on Monday Puerto Rico's governor, Alejandro Padilla, announced that the island's seventy-two-billion-dollar debt load was, on its current terms, "not payable," and warned that, in the absence of debt relief, Puerto Rico could enter a "death spiral".
In a strongly worded assessment, the IMF said that there was no prospect of Greece meeting the draconian terms of its current bailout plan and that interest payments on the soaring national debt would eat up 60% of the budget by 2060 in the absence of debt forgiveness.
I made sure to run the company as lean as possible in the beginning, and the absence of debt allowed me to make growth decisions with reduced levels of stress and anxiety.
But many are already losing pots of money; in the absence of more debt-for-equity swaps (unlikely), or a sharp increase in revenues (also unlikely) cutting costs is the only solution.Perhaps the government might give debt-strapped companies some relief (and encourage investment) by cutting interest rates again?
If it were correct, the absence of a debt ceiling could likewise be attacked as unconstitutional — after all, the greater the nation's debt, the greater the difficulty of repaying it, and the higher the probability of default.
But if you read the Bloomberg piece carefully, what it actually says is that market players fear that the absence of a debt deal means no stimulus.
But in the future, there will be no way to know how much the G8 would have given the Bank in the absence of 100% debt relief.
In the absence of aggressive debt relief efforts, it will be up to the Federal Reserve to keep mortgage rates low and expand its support for the flow of credit.
Any attempt to push up rates to what were once normal levels is fraught with danger; Sweden, which started down the path in 2010, has had to cut rates back to zero.But the tricky question is whether significant economic growth is achievable in the absence of rapid debt expansion.
