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What is another word for discharge of debts?

Pronunciation: [dɪst͡ʃˈɑːd͡ʒ ɒv dˈɛts] (IPA)

The phrase "discharge of debts" refers to the legal process of eliminating or releasing one's obligations to repay outstanding debts. However, there are several synonyms that can be used interchangeably with this term. One such synonym is "debt forgiveness", which implies the cancellation or pardon of one's financial liabilities. Another synonym is "debt liquidation", which suggests the complete elimination or settlement of debts. Additionally, "debt absolution" embodies the idea of being absolved or freed from the burden of owing money. Lastly, "debt clearance" highlights the act of clearing, erasing, or wiping out one's outstanding financial obligations. These synonyms all encompass the underlying concept of the release or removal of debts.
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What are the opposite words for discharge of debts?

The antonyms for the term "discharge of debts" are "accumulation of debts," "default on debts," "failure to pay debts," and "indebtedness." Accumulation of debts refers to the process of accumulating debts without any means to pay them off. Default on debts is the antonym of "discharge of debts" because it signifies a failure to pay off debts in a timely manner. Failure to pay debts is another antonym because it highlights the inability to fulfill financial obligations. Indebtedness, on the other hand, refers to the state of being in debt and not having the means to clear them. Understanding these antonyms can help individuals avoid them and maintain healthy financial conditions.

What are the antonyms for Discharge of debts?

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