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Discover LudwigThe phrase 'debt trap' is correct and usable in written English.
It is typically used to describe a situation where someone (an individual or business) is unable to pay off their debts because of high interest rates or difficult loan conditions. For example, "Many people find themselves in a debt trap after taking out a high-interest loan to cover an unexpected expense."
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Economists call this "the debt trap".
"Central Bank Policies and the Debt Trap". Orphanides, Athanasios, MIT Sloan Working Paper 5187-17.
Then, any drop in asset values will set off the debt trap.
Kuttner wants more deficit spending in the United States because, he says, America remains imprisoned in a debt trap.
Otherwise the government will eventually fall into a debt trap, borrowing ever more just to service earlier debt.
A new book extolling their tough-love approach to parenting could help America escape its debt trap and increase growth.
Mrs Aquino went on to face a string of attempted coups that nearly toppled her.In this section Debt trap!
"The Vet Debt Trap" (Feb. 24), about the veterinary student debt crisis, hit the nail on the head.
More than 270,000 farmers caught in a debt trap in India have committed suicide since 1995.
The financial hardship may drive them to rely on credit cards to make ends meet, thus deepening the debt trap.
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But dealing with the private-debt trap should be a priority for Europe's leaders.
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CEO of Professional Science Editing for Scientists @ prosciediting.com