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National Debt
Definition
The sum of all previously incurred annual federal deficits. Since the deficits are financed by government borrowing, national debt is equal to all government debt outstanding.
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Nearby Terms
- National Bureau of Economic Research
- national central bank
- National Council of Real Estate Investment Fiduciaries (NCREIF)
- National Credit Union Administration
- national currency
- National Debt
- national debt clock
- National Deficit
- national flood insurance program
- National Foundation for Consumer Credit
- National Foundation for Credit (NFCC)
