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 法律翻译Walker,在一家美国白鞋所担任专职法律翻译,专注翻译各类与特拉华州业务有关的法律文件。