Word:

public debt

Noun1.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

PUBLIC DEBT. That which is due or owing by the government.
     2. The constitution of the United States provides, art. 6, s. 1, that "all debts contracted or engagements entered into, before the adoption of this constitution, shall be as valid against the United States under this constitution, as under the confederation." It has invariably been the policy since the Revolution, to do justice to the creditors of the government. The public debt has sometimes been swelled to a large amount, and at other times it has been reduced to almost nothing.

debt
Browse
Pubescency
Pubescent
Pubic
pubic bone
pubic directory
pubic hair
pubic louse
pubic region
Pubis
Public
public act
public address system
public charity
public convenience
Public credit
public debate
-- public debt --
public defender
public discussion
public domain
public domain software
public easement
Public enemy
public executioner
public exposure
public eye
public figure
Public funds
public house
public housing
Public Key Infrastructure
public knowledge
public lavatory
Definitions Index: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

About this site and copyright information - Online Dictionary Home - Privacy Policy