Outrageously Funny Word Dictionary :: Preindebtedness

👉 Pre-Indebtedness refers to a situation where individuals or businesses are unable to pay back their debts due to unforeseen circumstances such as illness, unemployment, loss of income, or financial emergencies. This is often referred to as "debt bondage" because it prevents people from accessing essential services and opportunities that they might otherwise be able to afford without the debt burden.

preindebtedness