public debt

public debt
In a narrow sense, national or state obligations; in a broader sense, national obligations, state obligations, county obligations, town obligations, in fact the obligations of any public body. 43 Am J1st Pub Sec § 3. public debtor. Broadly, the nation, a state, county, town, municipal corporation, or political subdivision obligated under outstanding indebtedness. A municipal corporation, school district, local improvement district, county, or other political subdivision eligible for relief by the composition of its indebtedness under provisions of the Bankruptcy Act. 9 Am J2d Bankr § 1416.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • public debt — n. 1. the total debt of all governmental units, including those of state and local governments 2. NATIONAL DEBT * * *       obligations of governments, particularly those evidenced by securities, to pay certain sums to the holders at some future… …   Universalium

  • public debt — n. 1. the total debt of all governmental units, including those of state and local governments 2. NATIONAL DEBT …   English World dictionary

  • public debt — issues of debt by governments to compensate for a lack of tax revenues. Bloomberg Financial Dictionary * * * public debt public debt ➔ debt * * * public debt UK US noun ECONOMICS, GOVERNMENT ► [S] US NATIONAL DEBT(Cf. ↑ …   Financial and business terms

  • Public Debt Acts — are Acts of Congress which attempt to define public spending limits within a fiscal year. United States The United States Public Debt Act of 1939 eliminated separate limits on different types of debt.[1] The Public Debt Act of 1941 raised the… …   Wikipedia

  • public debt — debt of a country, national debt …   English contemporary dictionary

  • public debt — noun the total of the nation s debts: debts of local and state and national governments; an indicator of how much public spending is financed by borrowing instead of taxation • Hypernyms: ↑debt * * * noun : national debt …   Useful english dictionary

  • public debt — pub′lic debt′ n. gov national debt • Etymology: 1715–25 …   From formal English to slang

  • public debt. — See national debt. [1715 25] * * * …   Universalium

  • public debt. — See national debt. [1715 25] …   Useful english dictionary

  • United States public debt — Part of a series of articles on Unit …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”