Repudiation. The rejection, in whole or in part, of a contract, debt or obligation. The term applies
in particular to the rejection or mandatory scaling of its debt by a government. The word
repudiation as applied to the rejection of a debt by a state was first used in 1841 when the state of
Mississippi repudiated bonds issued to railroad companies which failed to comply with conditions
on which they received them.
in particular to the rejection or mandatory scaling of its debt by a government. The word
repudiation as applied to the rejection of a debt by a state was first used in 1841 when the state of
Mississippi repudiated bonds issued to railroad companies which failed to comply with conditions
on which they received them.
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