Public debt

Definition:

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

Equalizing dividend

Special dividends received by investors of a firm for income the investor lost because the firm altered the dividends payment schedule.

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