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The physical collateral for the national debt is all public land. National Parks, State Parks, Bureau of Reclamation Lands and Forest Service Lands.

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Q: What is the physical collateral of the national debt?
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What does the concept of secured debt mean in finance?

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.


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* 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.


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What was the national debt in 2003?


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