Debt bomb

Debt bomb

A default on debt and obligations by a major financial_institution that disrupts the stability of the economic system.

Debt Bomb

A situation in which a major institutional investor, especially a bank, defaults on a debt. A debt bomb can cause massive confusion and panic throughout the national and global economies, particularly in an economy heavily dependent on debt and easy credit availability. A debt bomb can trigger government intervention such as a bailout. See also: Lehman Brothers bankruptcy, Bear Stearns bankruptcy, Credit crunch, Too-big-to-fail.
References in periodicals archive ?
In fact, a company some consider to be one half of radio's "dynamic debt bomb duo" had a solid quarter, and is perhaps in the earliest stages of a massive turnaround led by its iHeartRadio app — a smartphone entertainment platform that puts iHeart one step ahead of problematic Pandora Media.
Instead of ploughing energy and investment into efforts to create an EU where the next Amazons, Intels, Googles, Samsungs and Apples will be created, we see the sad spectacle of European leaders halfheartedly trying to defuse Greece's debt bomb while looking back over their shoulders at their national electorates.
Far too often, the result is a low-value debt bomb, backed nearly entirely by government funding.
The debt ceiling was no more than prolonging the fuse of the US debt bomb one inch linger.
But with 90 days left to bridge the ideological and partisan divide before another crisis erupts, the fuse on America's debt bomb is getting shorter and shorter.
We can no longer sit by while this student debt bomb keeps ticking.
One of the more curious financial facts about the United States is that it has a student debt bomb.
Coburn, author of The Debt Bomb, cited the $2 trillion the federal government has spent on education since Congress passed the first Elementary and Secondary Education Act in 1965, along with $18 billion a year that is being spent on job training programs.
He believes we (a group that can loosely described as the 'Western world') have created a debt bomb that's about to blow up in our faces.
THE DEBT bomb blast has shaken several corporate czars.
Everything was up in the air and what with the $25 billion debt bomb in 2009 I can even forgive developers for being non-communicative towards their investors.