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.
Updated September 22, 2016. Definition: A sovereign debt crisis is when a country is unable to pay its bills. But this doesn't happen overnight as there are plenty of warning signs. It usually becomes a crisis when the country's leaders ignore these indicators for political reasons.