What is NATIONAL DEBT?

the term that is given to money that the US government owes the public who have lent it money. It is paid by tax collected.

More On This Topic
  1. What is FED MED/EE Tax?
  2. Nine Debt Collector Tactics That Violate The Federal Debt Collections Practices Act
  3. What Does Fed OASDI/EE Mean on a Paycheck?
  4. Nepotism, Cronyism, & Favoritism: Illegal Or Unethical?
  5. 401(K) Types, Loans, Contribution Limits, & Benefits
  6. Does California Have An Inheritance Tax?
  7. How To Fill Out A Statement To Determine Insolvency
  8. W-4: What It Is, Who They’re For, & How To Fill It Out
  9. How Do Inheritance Tax Laws Work?
  10. Plausible Deniability Definition, Examples, & Laws

Related Legal Terms
GROSS NATIONAL DEBT, NATIONAL CURRENCY, SHORT TERM DEBT TO TOTAL DEBT, NATIONAL SAVING, DEBT FRAUDULENT, NATIONAL GOVERNMENT, PUBLIC DEBT, NATIONAL HEALTH INSURANCE, NATIONAL INSURANCE, DEBT


Link to This Definition
Did you find this definition of NATIONAL DEBT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary