People commonly demonstrate resilience. One example is the response of many Americans to the September 11, 2001 terrorist attacks and individualsâ efforts to rebuild their lives. Being resilient does not mean that a person doesnât experience difficulty or distress.
The Public Debt Outstanding represents the face amount or principal amount of marketable and non-marketable securities currently outstanding. The Public Debt Subject to Limit is the maximum amount of money the Government is allowed to borrow without receiving additional authority from Congress.
Senior Debt. A debt that has higher priority compared to another in the event of liquidation. That is, if a company goes bankrupt and is liquidated, holders of secured debt must be paid before holders of unsecured debt. In this case, the secured debt is senior debt with respect to the unsecured debt.