Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

national debt

Read a random definition: derivative

A quick definition of national debt:

National Debt: The amount of money that the government owes to others, including other countries and people who have bought government bonds. It's like a big credit card bill that the government has to pay back over time.

A more thorough explanation:

Definition: The national debt is the total amount of money that the federal government owes to its creditors. This includes Treasury bills, notes, and bonds, as well as foreign debt.

Example: The current national debt of the United States is over $28 trillion. This means that the government has borrowed this amount of money from various sources, including individuals, banks, and foreign countries.

Explanation: The example illustrates the definition by showing that the national debt is the total amount of money that the government owes to its creditors. The national debt is a result of the government borrowing money to fund its operations, such as infrastructure projects, social programs, and military spending. The government issues Treasury bills, notes, and bonds to borrow money from individuals and institutions, and it also borrows money from foreign countries. The national debt is a significant economic indicator that affects the country's financial stability and future generations' ability to pay off the debt.

National Daily Quotation Service | national defense

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.