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.
What is a skort? Technically, a skort is a pair of shorts with a flap over the front so it looks like a skirt in the front but a pair of shorts from behind. When a skirt has a pair of shorts attached underneath the skirt it isnât a skort but a scooter skirt.