national debt

national debt
The debt of the United States and federal agencies held by the public. In other words, the debt of the United States plus the debts of the federal agencies less United States securities held by federal agencies and federal trust funds, and federal agency securities held by the United States Treasury and other federal agencies.

Ballentine's law dictionary. . 1998.

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  • national debt — ► NOUN ▪ the total amount of money which a country s government has borrowed …   English terms dictionary

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