| 单词 | non-performing debt |
| 释义 | non-performing debt Debt on which the interest and redemption payments due are not in fact being made. Non-performing debt is an embarassment to lending institutions: they suffer not merely direct financial loss, but also damage to their reputation for sound judgement in picking borrowers. There is thus a temptation to camouflage non-performing debt by making fresh loans to finance repayment of earlier ones. |
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