National Debt Law and Legal Definition
National debt refers to the debt of the U.S. and federal agencies held by the public. It is the debt of the national government as distinguished from the debts of individuals and businesses and political subdivisions.
National debt includes the debt of the U.S. plus the debts of the federal agencies less U.S. securities held by federal agencies and federal trust funds, and federal agency securities held by the U.S. Treasury and other federal agencies.
Legal Definition list
- National Dam Safety Review Board
- National Dam Safety Program
- National Cyber Security Division
- National Cryptologic Museum
- National Critical Materials Council
- National Debt
- National Defense
- National Defense Act of 1916
- National Defense Education Act
- National Defense Variance [Energy]
- National Directory of New Hires
Related Legal Terms
- Absconding Debtor
- Academy for International Conflict Management and Peacebuilding [USIP]
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
- Account Debtor
- Acquisition Debt
- Acquisition Indebtedness
- Activity of Multinational Enterprises
- Administrative Debt [Education]
