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Global debt. Global debt refers to the total amount of money owed by all sectors, including governments, businesses, and households worldwide. [1] As of 2022, global debt was the equivalent of 305 trillion USD. This including debt by both public and private debtors. [2] The total external debt owed by public and private debtors to creditors in ...
Technical debt. In software development and other information technology fields, technical debt (also known as design debt [1] or code debt) is the implied cost of future reworking required when choosing an easy but limited solution instead of a better approach that could take more time. [2]
External debt measures an economy's obligations to make future payments and, therefore, is an indicator of a country's vulnerability to solvency and liquidity problems. [1] : xi–xii Another useful indicator is the net external debt position, which equals gross external debt less external assets in the form of debt instruments.
According to the International Monetary Fund last year, global public debt hit $91 trillion, or 92% of GDP, by the end of 2022. That was actually a dip from pandemic-era debt levels but remained ...
Global financial system. Chart of the world's gross domestic product over the last two millennia. The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic action that together facilitate international flows of financial capital for purposes of investment and trade financing.
Global bond. A global bond is a bond which is issued in several countries at the same time. It is similar to a Eurobond in that it is denominated in a currency not native to the country that it is issued, but it is also issued in several different countries. It is typically issued by a large multinational corporation or sovereign entity with a ...
A global financial registry (also known as an international financial registry) is a proposed central database on worldwide ownership of financial assets. [1] The database would be compiled from data from large Western central securities depositories (CSDs), such as the US Depository Trust Company, Euroclear, and Clearstream. [1]
Credit rating. A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. [1] The credit rating represents an evaluation from a credit rating agency of the ...