"forgive debt" is a correct and usable phrase in written English.
You can use it when discussing the act of pardoning or releasing someone from a debt they owe. For example: - The government announced a plan to forgive debts for low-income households struggling to make ends meet. - The charity organization provides services to help individuals manage and forgive their debts. - After years of hardships, the bank decided to forgive the remaining debt of the struggling business.
Why does someone forgive debt?
After Iraq Bogged down Forgive debt, not theft Make or break or muddle and sludge?
"You can't just wave a wand and forgive debt," he said.
Simply to forgive debt would raise questions of moral hazard, inviting companies to take wild risks on the assumption that they would be bailed out.
Mr. DeMarco has come under increasing pressure from Democrats to forgive debt for certain homeowners when it would both restore some equity and save the lender money by heading off foreclosure.
Banks have been all too willing to forgive debt or to provide new credit lines in order to keep deadbeats on their feet, and this has hindered the structural reforms needed to revive the economy.
The inquiries into Mr. Rowland's affairs uncovered a raft of associates who were happy to give the governor gifts, forgive debts or let him in on favorable deals.
In the general proposal, delegates urged richer nations to forgive debts of poorer countries while increasing aid to 0.7percentt of gross domestic product, a figure promised in 1970.
"The Torah commentary is, if you don't forgive debts every 50 years, you will end up with permanent classes of people, those who have, and those who don't," Ms. Messinger says.
The international movement to reduce the debt burden of 41 poor nations in Africa and Latin America began in Europe several years ago, and European parliaments have made funds available to forgive debts much more readily than Congress.
It was all a smokescreen, because founder Doug Dobell was by all accounts the most generous of enthusiasts and friends, often willing to front money and forgive debts for jazz projects he liked.
