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Glossary of the 1993 SNA - Definition of Term

Term	Debt forgiveness
Definition	Debt forgiveness occurs when a debtor and creditor become parties to a bilateral agreement that a financial claim no longer exists.
Paragraphs	11.23.
Other References	[Balance of Payment Manual para.532]

It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.

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