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Definitions from the Web

Term: redebt

Definition:

verb (transitive)

To reaccumulate debt or to borrow more money to repay existing debt.

Example sentences:

1. After paying off his car loan, he decided to redebt by taking out a loan for a new house.

2. Many people find themselves trapped in a vicious cycle of redebting to pay off previous debts.

3. The company has been struggling financially and had to redebt to keep the business afloat.

Related products:

Debt Management Books on Amazon

Personal Finance Planners on Amazon