Aggregate value of bonds and other debt securities issued by a government (or one or more of its authorized agencies) backed by its full faith and credit.
Use 'government debt' in a Sentence
When Tracy learned the true value of the government debt in her country, she nearly fell out of her chair in shock.
The government debt was an attractive investment as we would feel good about lending to our government at a risk free rate as well.
It will be interesting to see what happens to Greece because their government debt was allowed to spiral out of control, and now people are worried about them defaulting.
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