Definition: Debt assumption

SNA

Debt assumption occurs when one unit assumes responsibility for another unit’s outstanding liability to a creditor (§ 22.117).
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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