Odious debtFinancial Markets HistoryDebt incurred by a regime that does not benefit its population and may not be legitimately enforceable.Learn about this termUnit 06: bond market sovereign debtFinancial Markets HistoryUnit 07: when great powers defaultFinancial Markets HistoryRelated TermsSovereign debtDebt issued by national governments, typically in the form o...Sovereign defaultWhen a government fails to make scheduled debt payments. Unl...