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.

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

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Trademark

A distinctive name or symbol used to identify a product or company and build recognition. Trademarks may be registered with the US Patent and Trademark Office.

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