national debtglossary / national debt national debt. The total financial obligation of the federal government, including such instruments as Treasury bills, notes, and bonds, as well as foreign debt. [Cases: United States 79. C.J.S. United States §§ 153, 169.] 词条贡献者 译者Scott,毕业于一所旨在培养高级翻译专业人才的翻译院校,擅长翻译各种与环境诉讼相关的法律文件。