Debt bomb

(redirected from Debt Bombs)

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 ?

Debt bombs form when countries rapidly accumulate debt without growing the capacity to pay or service the debt.

NGO bats for vigilance in loan contracts review

Be careful of the debt bombs bankrupt Zombie Bankers leave - they are explosive and will cut your time down faster than a banker reaching for his bonus.

Serious Gameplay: Mobile Game from Sonicviz Satirises the Global Financial Crisis

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