Sentence examples for debt from inspiring English sources
"debt" is a correct and usable word in written English
You can use it when referring to a sum of money that is owed, or to describe somebody who owes money. For example, "John had racked up a large debt before finally paying it off."
noun
An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
Today he had to admit that not only has he missed his debt target but that growth will be substantially lower than he forecast.
According to Eurodad, the coalition of civil society groups that campaigns on debt, there have been 600 sovereign debt restructurings since the 1950s – with many governments, including Argentina for example, experiencing one wrenching write-off after another.
The UN is not the obvious forum for discussing debt restructuring: unlike the International Monetary Fund, it is not a lender of last resort with emergency cash to disburse, and doesn't have a seat around the table when countries have to go to their creditors to ask for help.
But entering any such "debt workout" would inevitably come with a hefty dose of political humiliation and stringent conditions attached.
Few expect a multilateral system for negotiating sovereign debt workouts to spring up overnight.
I once termed those who gather at IMF meetings as "the international debt set".
So we will stick to our plan on the deficit and continue to use monetary policy to support growth without adding to borrowing or debt.
Despite the warnings — House Speaker John Boehner said Obama called him last week to reiterate that there would be no compromise on the debt ceiling — Republican leaders refuse to take Obama at his word.
Facebook Twitter Google plus Share Share this post Facebook Twitter Google plus close 2.37pm ET19:37 Question for Carney: Are the budget negotiations and the new debt ceiling tied in some way?
The debt write-off has to be larger – probably at least 50%.
