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sovereign debt

noun
🔊/ˌsɒvrɪn ˈdet/
🔊/ˌsɑːvrɪn ˈdet/
[countable, usually singular, uncountable]
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  1. money that the government of a country owes synonym national debt (1)
    • The prime minister has failed to resolve the country's sovereign debt crisis.首相未能解决该国的主权债务危机。
    • A huge amount of sovereign debt must be written off.必须注销大量主权债务。