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 ?
LAST WEEK'S ANSWER: CHRISTIE WINNER FROM 3 AUGUST: JOSEPH RICHARDS, LONDON TERMS & CONDITIONS: DAILY solutions texts costs PS1 + 1 standard network rate message, WEEKLY solution texts cost PS3 + 1 standard network rate message.
The referendum should be called as soon as possible but on Scottish and not London terms.
"Its instinct is to think in London terms. I wonder whether Nick Bourne even knew his masters in London were taking this initiative.
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.
Full browser ?