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Dominik Posted 19 years ago
Business & Finance

sovereign debt

0 What is the difference between 01b00sovereign debt02b00 and 01b00national/government debt02b00?02br
02br
00Thanks in advance!0-
  

Top answer

0A Sovereign debt is one that is guaranteed by a government, whereas national/government debt is incurred by that government0-

— Feebs11

  • 0A Sovereign debt is one that is guaranteed by a government, whereas national/government debt is incurred by that government0-
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4 Answers
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0A Sovereign debt is one that is guaranteed by a government, whereas national/government debt is incurred by that government0-
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0 Feebs, thank you very much for your reply. I must read sth about it because I don't get it. 02br
00I've found in the dictionary (Longman Business English Dictionary):02br
01b00sovereign debt02b00 - money owed by a government, rather than a company or person.02br
01b00national debt 02b00- money borrowed and still owed by
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1b00Here's another fuller definition:02b02br
01b00Sovereign02b00 - Refers to a debt security issued by a government other than the United States. It is often believed that the issuing government via its treasury will fully back the payment of interest and principal in a timely manner. Sometimes, that backing is insufficient and a default occurs.
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0 Thanks for your clarifications. I'm slowly beginning to understand it.0-
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