repudiation
C1CEFR level
65/100Rarity: rare
TechnicalRegister
Law noun
A party's clear refusal to perform its side of the bargain, entitling the other to terminate.
The manufacturer's flat refusal to ship amounted to a repudiation of the whole contract.
Business noun
A debtor's outright refusal to honour or repay a debt, especially by a sovereign state.
Outright repudiation of the foreign debt would have shut the country out of capital markets for years.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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