External Debt
/ɪkˈstɜːrnəl dɛt/
Definitions
- (n.) The total amount of public and private debt owed by a country to foreign creditors.
The government's external debt increased significantly after the international loan was secured.
Forms
- external debt
Related terms
See also
Commentary
External debt is often a critical factor in sovereign credit assessments and may be subject to specific international legal frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.