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.
For other uses, see Basketball (disambiguation). Basketball is a sport, generally played by two teams of five players on a rectangular court. The objective is to shoot a ball through a hoop 18 inches (46 cm) in diameter and 10 feet (3.048 m) high mounted to a backboard at each end. A team can score a field goal by shooting the ball through the basket during regular play.