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debt relief

noun
🔊/ˈdet rɪliːf/
🔊/ˈdet rɪliːf/
[uncountable]
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  1. the act of cancelling all or part of the money that a person, organization or country owes
    • The intention was to provide debt relief to poor countries that had suffered natural disasters.目的是为遭受自然灾害的贫穷国家提供债务减免。