War debts are the financial obligations incurred by a country as a result of engaging in warfare. These debts typically arise from borrowing money or issuing bonds to finance military operations.
Related terms
National Debt: The total amount of money owed by a country's government due to borrowing over time.
Treasury Bonds: Financial instruments issued by governments to raise funds, with fixed interest rates and maturity dates.
Post-war Reconstruction: Efforts made to rebuild infrastructure and stabilize economies after periods of conflict.