Debt consolidation

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Notion

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Science and technology

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What Wikipedia says

Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a personal finance process of individuals addressing high consumer debt, but occasionally it can also refer to a country's fiscal approach to consolidate corporate debt or government debt.

Excerpt from the Wikipedia article “Debt consolidation”, under the CC BY-SA 4.0 license. Read the article on Wikipedia