Debtor Sovereign
/ˈdɛtər ˈsɒvrɪn/
Definitions
- (n.) A sovereign state that owes debt and is liable to creditors under international or domestic law.
The debtor sovereign negotiated with bondholders to restructure its national debt.
Forms
- debtor sovereign
- debtor sovereigns
Related terms
See also
Commentary
The term specifically applies to states or nations in debt, distinguishing them from ordinary debtors; understanding sovereign immunity is key in this context.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.