Public debt


Public debt can refer to either 1) treasury securities held by institutions outside of the issuing country's government, or 2) total of govenment debt including intra-government obligations. Debt by governments are issued to compensate for a lack of tax revenues.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Distressed securities

A security of a firm that has declared or is about to declare bankruptcy. In the context of hedge funds, a style of management that focuses on securities of companies that have declared bankruptcy... Read More

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