Definition of Cancellation of debt - Finance dictionary
Cancellation of debt
Refers to the decision made by a lender or group of lenders to absolute a borrower from all or part of its obligations to repay the borrowed principal.
Cancellation of debt
Refers to the decision made by a lender or group of lenders to absolute a borrower from all or part of its obligations to repay the borrowed principal.
Refers to the decision made by a lender or group of lenders to absolute a borrower from all or part of its obligations to repay the borrowed principal.