Terminal Debt
Encyclopedia
Terminal debt
is the point at which the payments on the interest of a debt surpass the revenues of the debtor (ie. the debt becomes fiscally unstable).
Debt
A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.A debt is created when a...
is the point at which the payments on the interest of a debt surpass the revenues of the debtor (ie. the debt becomes fiscally unstable).