national debt

(noun)

Any money owed by the government of a nation.

Related Terms

  • The Public Credit Act of 1869
  • greenbacks
  • George S. Boutwell

Examples of national debt in the following topics:

  • The Public Debt

    • Government debt, also known as public debt, or national debt, is the debt owed by a central government.
    • Government debt, also known as public debt, or national debt, is the debt owed by a central government.
    • A government bond is a bond issued by a national government.
    • It is mostly uncommon for invaders to accept responsibility for the national debt of the annexed state or that of an organization it considered as rebels.
    • Usually small states with volatile economies have most of their national debt in foreign currency.
  • The Government Debt

    • During his first administration, the national debt fell from $2.5 billion to $2.2 billion.
    • Following in line with the Republican Party national platform of 1868, Secretary Boutwell advocated that the national debt must be reduced and the United States return to a gold specie economy.
    • In 1870, Congress, at his recommendation, passed an act providing for the funding of the national debt and authorizing the selling of certain bonds, but not authorizing an increase of the debt.
    • By May 1869, Boutwell reduced the national debt by $12 million.
    • By September, the national debt was reduced by $50 million.
  • Deficit Spending, the Public Debt, and Policy Making

    • Government debt is the debt owed by a central government.
    • Government debt can be categorized as internal debt (owed to lenders within the country) and external debt (owed to foreign lenders).
    • Sovereign debt usually refers to government debt that has been issued in a foreign currency.
    • Otherwise the debt issuance can increase the level of (i) public debt, (ii) private sector net worth, (iii) debt service (interest payments) and (iv) interest rates.
    • National Debt Clock outside the IRS office in NYC, July 1, 2010.
  • Long-Term Loans

    • Government debt (also known as public debt or national debt) is the debt owed by a central government.
    • Government debt is one of numerous methods of financing government operations.
    • Government bonds are issued by a national government.
    • Such bonds are often denominated in the country's domestic currency, and they are sometimes regarded as risk-free bonds, as national governments can raise taxes or reduce spending up to a certain point.
    • A debenture is a document that either creates or acknowledges a debt, and the debt is one without collateral.
  • Analyzing Long-Term Liabilities

    • Standard & Poor's is a credit rating agency that issues credit ratings for the debt of public and private companies.
    • Popular debt ratios include: debt ratio, debt to equity, long-term debt to equity, times interest earned ratio (interest coverage ratio), and debt service coverage ratio.
    • $\frac { Long-Term\quad Debt\quad +\quad Value\quad of\quad Leases }{ Average\quad Shareholders\quad Equity }$
    • An example of the credit ratings prescribed by Standard & Poor's as a result of their respective long-term liability analysis for debt issued at the national government level.
    • Countries issue debt to build national infrastructure.
  • National Security Policy

    • National security policies are policies related to the survival of the state.
    • In order to possess national security, a nation needs to possess economic security, energy security, and environmental security, in addition to a strong military.
    • Current national security concerns in the U.S. include the Drug War in Mexico, terrorism, instability in the Middle East, the national debt, and global warming, among others.
    • Military security was the earliest recognized form of national security.
    • Economic security is also a part of national security.
  • Hamilton's Economic Policy

    • In his assessments, Hamilton decided that the country's debt fell into three broad categories: those owed to foreign governments and investors; those owed by the national government to American merchants, farmers, soldiers, and other holders of Revolutionary War bonds; and those owed by state governments.
    • In his "Report on Public Credit," Hamilton also made a controversial proposal to streamline debt repayment by assuming state debt into the federal debt, essentially making the federal government responsible for all debt repayment and giving it much more power.
    • With this in mind, Hamilton called the debt "a powerful cement of our Union."
    • There was a heated debate between Democratic-Republicans and Federalists over the constitutionality of a National Bank.
    • After reading Hamilton's defense of the National Bank Act, Washington signed the bill into law.
  • Problems of Long-Run Government Debt

    • Government debt limits future government actions and can be hard to pay off because Congressmen are unwilling to do what is necessary to pay down the debt.
    • The problem with debt is that it must be paid off with future revenues.
    • To pay off the debt, the government must maintain a certain level of income.
    • A sovereign credit rating is the credit rating of a sovereign entity (i.e., a national government).
    • This means it will be more expensive for that country to raise funds by issuing debt.
  • Debt

    • Debt is usually granted with expected repayment.
    • People in industrialized nations commonly use it to purchase houses, cars, and many other things too expensive to buy with cash on hand.
    • A company uses various kinds of debt to finance its operations.
    • The various types of debt can generally be categorized into:
    • Treasury bills are one kind of debt issued by the U.S.
  • Debt Finance

    • A company uses various kinds of debt to finance its operations .
    • The various types of debt can generally be categorized into:
    • A basic loan or "term loan" is the simplest form of debt.
    • Commonly, people in industrialised nations use it to purchase houses, cars and many other things too expensive to buy with cash on hand.
    • A company uses various kinds of debt to finance its operations.
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