private debt

Definition

Money owed by individuals and businesses within a given country.

Use private debt in a sentence

The private debt was increasing as more and more people were living off credit as a way to leverage their lifestyle.

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Our company was told to lower it's private debt to improve our chances of an acquisition offer from potential buyers.

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Their private debt was very high and they owed a lot of money to everyone and it was going to take a long time to fix that.

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Gross National Debt debt