Terminal debt
Terminal debt is the point at which the payments on the interest of a debt surpass the revenues of the debtor (i.e. the debt becomes fiscally unstable.)[1][2]
References[]
- ^ Frederiksen, N.K. Long-Term Fiscal Indicators: Sustainability versus Terminal Debt Constraints, Working Paper 14/2005, Danish Ministry of Finance Archived 2012-05-26 at the Wayback Machine Retrieved 4 December 2011.
- ^ Eichengreen, Barry Institutions for Fiscal Stability, CESifo Economic Studies, Oxford University Press, Volume 50, Issue 1 (2004) Retrieved 4 December 2011
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