National Debt
/ˈnæʃənəl dɛt/
Definitions
- (n.) The total amount of money that a government owes to creditors, often accumulated through borrowing to cover budget deficits.
The national debt increased significantly after the government implemented extensive stimulus measures.
Forms
- national debt
- national debts
Related terms
See also
Commentary
The term is primarily used in public finance and constitutional law contexts dealing with government borrowing authority and fiscal responsibility.
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.