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Related to public debt: national debt
1. (Economics) the total financial obligations incurred by all governmental bodies of a nation
2. (Economics) another name for national debt
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
the financial obligations of a national government. Also called public debt.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||public debt - 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|
debt - money or goods or services owed by one person to another
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