The state can't honor its debts or pay many of its employees.

"Because he doesn't intend to honor his debts."

He hasn't forgotten, he just doesn't intend to honor his debts.

And once the monarch died, heirs would usually refuse to honor any predecessor's debts.

Marriott's bonds plunged last week, in a spasm of concern that the real estate company would not be able to honor its debts.

It has long been well understood that failure to honor our debts will result in catastrophic economic consequences for our country.

The project needed China's promise to honor the airport's debts to attract private capital.

'And next I'd pray that after the war the free colonies will honor their debts.'

"Do you mean to imply that we would not honor our debts?"

You might also suggest that few will want to trade with them if they do not honor their debts.