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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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15y ago

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Related Questions

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.


Can you provide an example of secured debt?

Secured debt is a type of loan that is backed by collateral, such as a house or a car. If the borrower fails to repay the loan, the lender can take possession of the collateral to recover the debt. An example of secured debt is a mortgage, where the house serves as collateral for the loan.


Is credit card debt unsecured, meaning it is not backed by collateral?

Yes, credit card debt is unsecured, which means it is not backed by collateral.


What is a collateral account?

Lying alongside a debt


Accounting-what is a collateral security?

Lying alongside a debt


What debt uses collateral against the loan?

closed


Can a creditor sue for unsecured 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.


Which type of debt is secure?

Secure debt is typically backed by collateral, meaning that the lender has a claim on specific assets if the borrower defaults. Common examples include mortgages, where the property serves as collateral, and auto loans, where the vehicle is the secured asset. This type of debt generally has lower interest rates compared to unsecured debt because it poses less risk to the lender. In contrast, unsecured debt, like credit card debt, does not have collateral backing it.


What was the national debt in 1791?

the national debt was something used to create national debt


Did the US pledge public land as collateral on the national debt?

I'm not certain why any sane person would believe or even repeat this. Which may explain why it has been asked.


Which of the following debt types uses collateral against the loan?

Closed


National debt in 2003?

What was the national debt in 2003?