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What is Dept trap? |
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Answer» It is a situation in which person take loan and unable to repay . To repay a person have ot take a fresh loan or sell some portion of land A dept trap is a situation where a person take loan but he don\'t able to repay the loan because of high interest. A debt trap is defined as "A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.Hope it will help you |
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