The physical collateral for the national debt is all public land. National Parks, State Parks, Bureau of Reclamation Lands and Forest Service Lands.
No, physical property is NOT a physical property itself
That event has no effect on any of the following: -- the closing Dow Jones Industrial Average on that day -- the current temperature in the laboratory -- the estimated arrival time of the Orient Express -- the phase of the moon -- the national debt -- the barometric pressure -- Planck's Konstant
A physical change would be a change in a physical property. A "physical property", by itself, may or may not change.
No. It is a physical change.
it is a physical property
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
Lying alongside a debt
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Lying alongside a debt
* An unsecured debt, generally, is a debt that is not backed by collateral. For instance a car loan is secured by the security interest the lender has in the car. A credit card which is not backed by collateral is not secured by collateral therefore it is an unsecured debt. Generally, yes a creditor can sue for unsecured debt, the creditor just doesn't have any interest in the good that formed the basis of the loan.
the national debt was something used to create national debt
I'm not certain why any sane person would believe or even repeat this. Which may explain why it has been asked.
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What was the national debt in 2003?
The secured party's right after default includes taking possession of the collateral of the debt. If the collateral does not cover the full amount of the debt than a judgment can be placed on the debtor to get the remaining money.
$350,000,000 in national debt
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.