debt waiver
Owed amount forgiven
A debt waiver is a creditor's agreement to forgive all or part of what is owed, releasing the debtor from the obligation to repay.
Lenders may offer debt waivers during financial hardship, bankruptcy proceedings, or as part of negotiated settlements: The bank granted a partial debt waiver after reviewing her circumstances.
In international finance, debt waivers address unpayable sovereign debts of developing nations.
- forgivenessReleasing resentment toward offenders
- loan forgivenessCancellation of owed amounts
- reliefEasing of distress
- cancellationVoiding of plans
- pardonOfficial release from punishment
amnesty · writeoff · discharge · bailout · clemency · reprieve · absolution · settlement · mercy · freedom · clean slate · burden · student loans · credit card · creditor · bankruptcy · leniency · negotiation
debt waiverdebt collection
Pursuing owed payments
foreclosure · repossession · garnishment · asset seizure · debt recovery
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