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.
A hoop is an apparatus in rhythmic gymnastics and may be made of plastic or wood, provided that it retains its shape during the routine. The interior diameter is from 51 to 90 cm, and the hoop must weigh a minimum of 300g.