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

  1. ↑ Frederiksen, N.K. Long-Term Fiscal Indicators: Sustainability versus Terminal Debt Constraints, Working Paper 14/2005, Danish Ministry of Finance Retrieved 4 December 2011.
  2. ↑ Eichengreen, Barry Institutions for Fiscal Stability, CESifo Economic Studies, Oxford University Press, Volume 50, Issue 1 (2004) Retrieved 4 December 2011