London Terms

London Terms

A form of debt relief for heavily indebted poor countries in which the present value of payments is reduced by up to one-half. The London terms were introduced by the Paris Club in 1991. This form of debt relief is a type of concessional restructuring.
References in periodicals archive ?
The referendum should be called as soon as possible but on Scottish and not London terms.
Pinsent senior partner Julian Tonks, who will retain the title in the new set up, said that in London terms the link-up with Biddle was a 'merger of equals' although Pinsent was the dominant force nationally.
He says: "I refuse to do what lots of Welsh people have had to do and completely change my accent to become acceptable in London terms.
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