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The average number of loan each borrower takes out is nine per year, according to one study, as these high rates lead to a cycle of indebtedness".
Similar(58)
Mr. Stournaras said the agreement in Brussels "creates the conditions to keep us in the euro zone and the opportunity to emerge from the vicious cycle of recession and indebtedness".
The plaintiffs claim the money they are told they owe is often arbitrarily modified, and the individuals are frequently kept locked in a cycle of jail time and indebtedness to the municipal courts as late fees and surcharges are added to initial fines.
They are also prone to cycles of low productivity and face high levels of indebtedness.
It's true that a few microfinance institutions and microlenders have behaved irresponsibly and, at times, negligently, locking already-vulnerable people into a cycle of financial dependency and over-indebtedness.
First, the scale of indebtedness is higher.
Bonds are merely certificates of indebtedness.
There is no transitive property of indebtedness.
The era of indebtedness began with a cultural shift.
But he recoiled from any hint of indebtedness.
But the country has long had pockets of indebtedness, too.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com