general debtglossary / general debt A governmental body’s debt that is legally payable from general revenues and is backed by the full faith and credit of the governmental body. [Cases: Municipal Corporations 894. C.J.S. Municipal Corporations §§ 1634, 1934.] 词条贡献者 资深译员Betty,毕业于亚洲一流的高级翻译学院,专注翻译各种与商业移民有关的法律文件。