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Balance of Indebtedness |
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Balance of Indebtedness A summary of all the assets and liabilities held by a sovereign entity. That is, a balance of indebtedness states all the assets a country owns (examples include national art, taxes not yet spent, and stock in nationalized corporations) and all liabilities (including accounts payable to government workers, unpaid entitlement spending, and especially the national debt). One may consider the balance of indebtedness as the balance sheet for a country. See also: Investment Position. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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