national debt

the financial obligations of a national government resulting from deficit spending.
Also called public debt.

1775–85, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To national debt
World English Dictionary
national debt
Also called (esp US): public debt the total outstanding borrowings of a nation's central government

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
American Heritage
Cultural Dictionary

national debt definition

The debt of the government; the amount of borrowing by the government to meet expenditures exceeding tax revenues.

Note: A large national debt can inhibit growth and drive up interest rates.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Example sentences
Beyond that, the money given to state and local governments doesn't support
  federal programs or reduce the national debt.
The money raised could be divided up among citizens or used to repay the
  national debt.
Let's imagine a country with excessive national debt.
Size matters, but so does who's holding a country's national debt.
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature