单词 | debt swap |
释义 | debt swap debt swap noun [C]
(Finance )
1 = DEBT-EQUITY SWAP
2 an arrangement between a government and a foreign lender. The lender agrees to reduce the amount of the government's debt in exchange for the government spending money on developing the country: The debt swap will generate funds for local conservation programmes. Under the debt-swap agreement, $150 million of foreign debt will be converted to local currency and spent on education. |
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