Top Definition
(ECONOMICS) debt owned by a national government to all creditors foreign and domestic. Backed by the national government's power to tax.
Even after the International Monetary Fund worked out a bailout for Greece, other sovereign debt crises could still arise in Spain, Portugal, and Italy.
#currency #bonds #treasury securities #debt #taxation #imf #bis
dari Abu Yahya Rabu, 05 Mei 2010
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