debt accumulation
/dɛt æk.juːˈmeɪʃən/ · debt.ac.cum.u.la.tion
noun
- The process of acquiring and increasing debt over time, often due to financial difficulties or poor financial management. The company's debt accumulation led to its eventual bankruptcy.
- A situation in which an individual or organization has a significant amount of debt that is increasing rapidly, often due to high-interest loans or credit card debt. The family's debt accumulation made it difficult for them to make ends meet.
Synonyms
debt buildupfinancial burdencredit overloadmoney troublesfinancial straineconomic hardshipfinancial difficulties
Antonyms
Did you know? The concept of debt accumulation has been explored in various forms of media, including literature and film, with notable examples including F. Scott Fitzgerald's novel 'The Great Gatsby' and the film 'American Psycho'.