Meaning of sovereign debt | Babel Free
Definitions
The amount of money outstanding that was borrowed by a government in order to finance expenditure not covered by taxation.
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.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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