"Debt forgiveness" means that a lender decides to cancel or release a borrower's obligation to repay their debt. It means the borrower no longer has to pay back the money they owe.
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«debt»
«forgiveness»
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Phrases with «debt forgiveness»
Sentences with «debt forgiveness»
- If you meet the criteria necessary, you may be able to qualify for debt forgiveness from the government. (secureloanconsolidation.com)
- There are other student loan debt forgiveness programs at the state or federal government level. (debtfirms.com)
- A longstanding principle of tax law treats any type of debt forgiveness as a financial benefit, even if it comes at the expense of your home. (turbotax.intuit.com)
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