NATIONAL DEBT • DICTIONARY ONE.COM • Definition of National debt

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/nˈæʃənəl dɛt/ Listen

National debt

noun

The debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions).

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Etymology of 'National debt'

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"National debt" Quotes from Famous Books

... this year included a proposal for the redemption of South Sea stock and an attempted operation on the national debt, by the creation of new stocks bearing a lower rate of interest, two options of conversion being given to the holders of old stock. The idea of the creation of a two-and-half-per-cent. stock, said Mr. Gladstone ...

— The Life of William Ewart Gladstone, Vol. 1 (of 3) - 1809-1859 • John Morley

... Mr. Weller. 'Them things as is alvays a-fluctooatin', and gettin' theirselves inwolved somehow or another vith the national debt, and the chequers ...

— The Pickwick Papers • Charles Dickens

... and almost the sovereignty, in the Mississippi region; it absorbed the privileges of the different companies for trading with the East; finally it took charge of the national mint and the issue of coin, and of the taxation of the kingdom, and it assumed the national debt. The temporary success of the gigantic financial scheme turned the heads of the people, and a fever of speculation ran through all ranks. The crash came, the shares in the bank sunk in value, the notes depreciated; and, in the wrath which ...

— Outline of Universal History • George Park Fisher

... his Excellency the Imperial Minister of Finance, who handles a million dollars of public money a year, sends in his annual "budget" with great ceremony, talks prodigiously of "finance," suggests imposing schemes for paying off the "national debt" (of $150,000,) and does it all for $4,000 a ...

— Innocents abroad • Mark Twain

... ain't selling their silver now, they're storing it away in vaults, because they know in a little while all the nations in the world are going to be bidding for silver. And say, do you see that line of hills? There's silver enough buried underneath them to pay the national debt of the world." ...

— Silver and Gold - A Story of Luck and Love in a Western Mining Camp • Dane Coolidge

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