from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The total financial obligations of a national government.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Any money owed by the government of a nation.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions)
Sorry, no etymologies found.
The interest of the national debt of France being in fact but a two thousandth part of it's rent-roll, the paiment of it is practicable enough; and so becomes a question merely of honor or expediency.
In 1873, when revenue was £7.3 million, of which £6.3 million went on the interest on his existing loans, Ismail took another huge loan from Henry Oppenheim, converting the national debt of £27 million into a long-term loan of £32 million.