The Gallatin Election Day Battle took place on 6 August 1838, when about 200 people attempted to forcibly prevent Mormons from voting in the newly created county's first election. The skirmish is often cited as the opening event of the 1838 Mormon War.
Wiktionary(0.00 / 0 votes)Rate this definition: sovereign debt(Noun) The amount of money outstanding that was borrowed by a government in order to finance expenditure not covered by taxation.
The purchasing of sovereign debt by foreign countries is a normal transaction that helps maintain openness in the global economy. As of December 2016, Japan holds more U.S. debt than any other foreign entity, including China. Consequently, Chinaâs stake in Americaâs debt has more of a binding than dividing effect on bilateral relations between the two countries.