PUBLIC DEBT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("public debt" is a kind of...):

debt (money or goods or services owed by one person to another)

Credits