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单词 funded debt
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funded debt
d. National Debt: a debt owing by a sovereign state to private individuals who have advanced money to it for the public needs; esp. that main part of the public debt, which has been converted into a fund or stock of which the government no longer seeks to pay off the principal, but to provide the annual interest; hence called funded debt, as opposed to the floating debt, which includes the ever-varying amounts due by the government and repayable on demand or by a certain time.
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society > trade and finance > management of money > insolvency > indebtedness > [noun] > a debt > national or public debt
National Debt1653
dead weight1823
dead-weight debt1905
1653 S. Chidley (title) Remonstrance concerning the Public Faith, Soldier's Arrears, and other Public Debts.
1812 G. Chalmers Hist. View Domest. Econ. Great Brit. & Ireland (New ed.) 210 The most efficient measure..was to fund..the floating debts, of the victualling, and of the ordnance departments.
1860 C. Knight Pop. Hist. Eng. VI. iii. 40 There was a floating debt of about ten millions.
1889 Whitaker's Almanack 493 The French National Debt is the largest in the world..Public debt, funded £957,000,000; Public debt, floating, annuities, etc., capitalized £728,372,372.
extracted from debtn.
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