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Meaning of sovereign debt | Babel Free

Noun CEFR B2

Definitions

The amount of money outstanding that was borrowed by a government in order to finance expenditure not covered by taxation.

countable, uncountable

Examples

“In a note last month to his array of international fund manager clients, Gerard Minack, Morgan Stanley’s former Global Strategist, warned that many developed economies are heading for sovereign debt crises.”

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

sovereign immunity Sovereign Military Order of Malta sovereign ring sovereign state Sovereign State of the Bektashi Order sovereign wealth fund