| 单词 | sovereign debt |
| 释义 | sovereign debt Debt of the governments of independent countries. With the debt of an individual or corporation, it is usually possible to use legal procedures to compel them to pay the interest and redemption payments due, or to hand their assets over to the creditor if they do not pay. Such legal sanctions are not available against governments, unless they choose to submit voluntarily to legal procedures. There is thus a risk that sovereign debt may be subject to repudiation, interest reductions, or compulsory rescheduling. The only protection for the creditors of sovereign debtors is the borrowers' concern about loss of reputation: default makes it difficult or expensive for them to borrow in the future. |
| 随便看 |
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。