Definition of sovereign debt in English:
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.
Definition of sovereign debt in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.