Industry WIKI

The Commissioners for the Reduction of the National Debt (CRND) is a statutory body of the UK Government, whose main function is the investment and management of government funds. The current Comptroller General is Paul Canty.

The Standing Committee on Banking [and Currency] (Swedish: Bankoutskottet, BaU) was a Swedish parliamentary committee that operated from 1672 to 1970. Originally created to supervise the newly established Riksbank, it evolved into a permanent institution with constitutional status by 1809. Its early duties focused on reviewing the bank's condition and reporting to the estates, but over t

A debt clock is a public counter, which displays the government debt (also known as public debt or national debt) of a public corporation, usually of a state, and which visualizes the progression through an update every second. Because of the mirror-image correlation between liabilities and accounts receivable meanwhile there are assets clocks or property clocks also, which visualize the

In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt.

The First Report on the Public Credit was one of four major reports on fiscal and economic policy submitted by Founding Father and first US Treasury Secretary Alexander Hamilton on the request of Congress. The report analyzed the financial standing of the United States and made recommendations to reorganize the national debt and to establish the public credit. Commissioned by the US Hous

The national debt of Turkey is the entire stock of direct, fixed-term, contractual, financial obligations of the state of the Republic of Turkey that are outstanding on a particular date.

In international law, odious debt, also known as illegitimate debt, is a legal theory that says that the national debt incurred by a despotic regime should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the government that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts sign

A sinking fund is a fund established by an economic entity by setting aside revenue over a period of time to fund a future capital expense, or repayment of a long-term debt.

The South Sea Company was a British joint-stock company founded in January 1711, created as a public-private partnership to consolidate and reduce the cost of the national debt. To generate income, in 1713 the company was granted a monopoly (the Asiento de Negros) to supply enslaved Africans to the islands in the "South Seas" and South America. When the company was created, Britain was i

The Great Stop of the Exchequer or Stop of the Exchequer was a repudiation of state debt that occurred in England in 1672 under the reign of Charles II of England.