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Definition of national debt noun from the Oxford Advanced Learner's Dictionary

national debt

noun
 
/ˌnæʃnəl ˈdet/
 
/ˌnæʃnəl ˈdet/
 [usually singular]
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  1. the total amount of money that the government of a country owes
    • The country has a national debt of 80% of GNP.
    CultureIn Britain, the amount borrowed every year is known as the Public Sector Net Cash Requirement, and is added to the national debt.
    Topics Moneyb2
See national debt in the Oxford Advanced American Dictionary
Check pronunciation: national debt

Nearby words

trait
noun
 
 
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