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What is "national debt"

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national debt
Longman Dictionary of Contemporary English
national debt
noun
EXAMPLES FROM CORPUS
▪ And a national debt that took 200 years to reach a trillion bucks, tripled in two presidential terms.
▪ On that same day, the Treasury Department will run out of money to pay off the national debt.
▪ The government raised £1,500,000,000 from loans and taxes, while the national debt leapt from £242,900,000 in 1793 to £744,900,000 in 1815.
▪ The implications for one major question of dynamic incidence - the burden of the national debt - are developed in Section 8-5.
▪ The result was the ballooning national debt.
Wiktionary
national debt

n. (context economics English) Any money owed by the government of a nation.

WordNet
national debt

n. the debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions)

Wikipedia
National debt
  1. redirect Government debt

Usage examples of "national debt".

So that it will be yet a twelve-month before we shall be able to judge of the efficacy of our land office to sink our national debt.

Boldly, Hamilton argued that such an increase in the national debt would be a blessing, for the greater the responsibility of the central government, the greater its authority.

Their compensation becomes part of the national debt, for the liquidation of which there is the one exhaustless fund.

Today it takes more dollars each year to service the National Debt than the total budget for the last and most expensive year of the Korean War.

British agents had been obliged to seek new loans in Europe at high interest rates, adding to a national debt of ±.

This was silly as it piled up a national debt to be reckoned with in the future and the money wasn't one whit sounder under the fiat of the banks than it would have been by government fiat.