# Debt(s), denied (odious public debt)

- Canonical URL: https://www.gerhardmerk.de/debts-denied-odious-public-debt
- Post ID: 591120
- Modified: 2023-07-25T21:01:41+00:00
- Language: en

## Definition

Loans taken out abroad by countries with non-democratically elected governments which the successor government refuses to service (servicing: interest and repayment). For investors, therefore, securities from dictatorial states (even those with favorable terms) are extremely risky. - Foreign debt contracted by democratic states which a subsequent dictatorial government (such as the National Socialist government in Germany from 1933 onward) refuses to service. - See bond, distressed, banking crisis, Dawes bond, debt-equity swap, capital foreclosure, risk capital, transfer risks, securities, riskless, Young bond, tremor premium. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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