48 CFR Part 1002 – Definitions of Words and Terms
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| Subpart 1002.1 | Definitions |
Terms Used In 48 CFR Part 1002 - Definitions of Words and Terms
- Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.