External debt is a portion of a country's debt that is borrowed from foreign lenders, including commercial banks, governments or international financial institutions. These loans, including interest, are usually repayable in the currency of the loan. To obtain the required currency, the borrowing country can sell the goods and export to the lending country.
- External debt is a portion of a country's debt that is borrowed from foreign lenders through commercial banks, governments or international financial institutions.
- If a country cannot repay its foreign debt, it will face a debt crisis.
- If a country has defaulted on its foreign debt, it is called default.
- External debt can take the form of conditional loans, in which the borrower wants to apply all the expenses of the funds to the lending country.
External Debt refers to Also known as foreign debt. Money is owed to lenders in other countries by governments, organizations or individuals.
Literal Meanings of External Debt
Meanings of External:
Ownership or formation of the outer surface or structure of an object.
From or from a source outside the affected subject
The external nature of something.
Sentences of External
For many, the church is a symbol of external authority
The place had all the proper exteriors, such as an ivy-covered fireplace and a window jasmine
Synonyms of External
outer, outside, outermost, outward, exterior, surface, superficial, outside surface, outer surface, external surface, outward appearance, outward aspect, externals, facade, front
Meanings of Debt:
Some, usually money, debt or debt.
Sentences of Debt
I paid my debt
Synonyms of Debt
bill, account, tally, financial obligation, outstanding payment, amount due, money owing