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LSDefine

Simple English definitions for legal terms

public debt

Read a random definition: patent ambiguity

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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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
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