Definition of sovereign debt in English:

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sovereign debt

noun

The amount of money that a country’s government has borrowed, typically issued as bonds denominated in a reserve currency: the anxieties about sovereign debt have been most acute in Europe
More example sentences
  • Needless to say, the debt is now substantially government or sovereign debt.
  • Inevitably, therefore, there were two contradictory aspects to sovereign debt, or debt owed by a national government.
  • The idea was to reduce dramatically the sovereign debt to GDP ratio, Schiff said.
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