Government debt is the stock of outstanding IOUs issued by the government at any time in the past and not yet repaid. Governments issue debt whenever they borrow from the public; the magnitude of the outstanding debt equals the cumulative amount of net borrowing that the government has done. The deficit is the addition in the current period (year, quarter, month, etc.) to the outstanding debt.
Hoop may refer to: 1  barrel. 2  Basketball, also referred to as Hoops. 3  Celtic F.C., nicknamed the Hoops.  Hoop (magazine), an American basketball 1  magazine. Hoop (rhythmic gymnastics) is one apparatus in rhythmic gymnastics.  Hoop 1  (surname) Hoop (East Indiaman), a Dutch sail ship sunk in  1605.
The child's hoop was propelled by stroking a one foot dowel or stick along the top. The 20th century hula-hoop is a modern day version of this treasured plaything. Rolling, bowling and trundling a hoop really came into its own in Victorian times. Hoops were raced and used for skipping.