Terminal debt is the point at which the payments on the interest of a

debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The d ...

surpass the revenues of the

debtor A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of th ...

(i.e. the debt becomes fiscally unstable.)Eichengreen, Barry ''Institutions for Fiscal Stability'', CESifo Economic Studies, Oxford University Press, Volume 50, Issue 1 (2004)
Retrieved 4 December 2011

References

Debt {{finance-stub