Debt Traps
Nounऋण जाल
Definition
A situation where a country or entity borrows heavily and becomes dependent on creditors, often leading to economic exploitation or control.
Contextual Sentence: "China’s Belt and Road Initiative has been accused of creating debt traps for developing nations like Sri Lanka and Pakistan."
💡 Memory Hook (Mnemonic): Picture a 'trap' (like a snare) made of 'debt'—once you step in, it’s hard to escape.
Synonyms
debt dependency
financial enslavement
creditor leverage
Antonyms
debt freedom
sovereign wealth
self-sufficiency