shortterm debt

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national debt — In order to join the European Monetary Union on 1 January 1999 Spain must first fulfil the convergence criterion for public debt, which states that the budget deficit must not exceed 3 percent of GDP and total public sector debt 60 percent of… … Encyclopedia of contemporary Spanish culture
security — Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc., given by a debtor in order to assure the payment or performance of his debt, by furnishing the creditor with a resource… … Black's law dictionary

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