peak debt — n. In an economy or household, the point at which the costs to service increasing debts become so high relative to income that no more debt can be taken on, so consumption plummets. Example Citations: A corollary, peak debt, was coined in 2006 by … New words
debt porn — n. Stories related to people who run up massive amounts of debt. Also: debt pornography. Example Citation: If Double Down and 24/7 are more exciting reads, it s mostly because the stakes are higher. Both books have the thrilling appeal of debt… … New words
peak people — n. A time when the world s population reaches a maximum, after which it steadily declines due to reduced birth rates or global shortages of energy, food, and water. Example Citations: The world is on the threshold of what might be called peak… … New words
Debt deflation — is a theory of economic cycles, which holds that recessions and depressions are due to the overall level of debt shrinking (deflating): the credit cycle is the cause of the economic cycle. The theory was developed by Irving Fisher following the… … Wikipedia
bad-debt art — (BAD det art) n. Art that is sold cheaply or donated because the owner is deeply in debt. Also: bad debt art, Bad Debt Art. Example Citations: Painted just a few weeks before he died a picture of the doctor who couldn t cure him Van Gogh s… … New words
United States public debt — Part of a series of articles on Unit … Wikipedia
Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
national debt — In order to join the European Monetary Union on 1 January 1999 Spain must first fulfil the convergence criterion for public debt, which states that the budget deficit must not exceed 3 percent of GDP and total public sector debt 60 percent of… … Encyclopedia of contemporary Spanish culture
zombie debtor — n. An indebted consumer who is only able to pay the debt interest each month. Example Citations: Steve Inch, chair of the Scotcash board, said the collaboration which sees a loan advisor based full time in the offices of North Glasgow Housing… … New words
peaknik — n. A person who believes that the world s oil reserves will soon peak and that subsequent oil shortages will devastate civilisation. Example Citations: If the day comes that oil grows so scarce that Austinites can t afford fruit hauled in from… … New words
