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LSDefine

Simple English definitions for legal terms

public debt

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A quick definition of public debt:

Public debt refers to the money that a government owes to its creditors. This can include debts owed by a city, state, or country. Public debt is usually incurred when a government needs to borrow money to fund its operations or to pay for projects. The government pays interest on this debt until it is repaid. Public debt can have an impact on a country's economy and can affect things like interest rates and inflation.

A more thorough explanation:

Public debt is the amount of money owed by a government to its creditors. This can include debts owed to individuals, businesses, and other countries. Public debt is a liability that must be paid back with interest.

Examples of public debt include:

  • A country borrowing money from another country to fund a large infrastructure project
  • A state government issuing bonds to pay for public schools
  • A city taking out a loan to build a new sports stadium

These examples illustrate how governments can accumulate debt in order to finance projects or services that they cannot afford to pay for upfront. However, this debt must be paid back over time, which can lead to financial challenges for the government and its citizens.

public-convenience-and-necessity standard | public-duty doctrine

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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