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

Noninsured plans

Defined benefit pension plans that are not guaranteed by life insurance products. Related: Insured plans.

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