Definition, Meaning & Synonyms

crippling-debt

Noun

/ˈkrɪplɪŋ dɛt/

Definition

A type of debt that is so large that it severely restricts an individual’s or a government’s financial freedom, making it difficult to manage other financial obligations.

Examples

Many families are struggling with crippling debt due to high medical expenses.
The government’s crippling debt has led to cuts in public services.
After losing his job, he fell into a state of crippling debt that took years to recover from.

Meaning

Crippling debt refers to financial liabilities that overwhelm a borrower, leading to hardship in paying bills, maintaining a standard of living, or making necessary investments.