Dace definition: A dace is a type of fish that lives in rivers and lakes . | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog English
A budgetary situation when the expenses incurred by the government are over and above the tax revenues taken in. Also called Federal Debt.
Definitions and Basics. Government Debt and Deficits, from the Concise Encyclopedia of Economics Government debt is the stock of outstanding IOUs issued by the government at any time in the past and not yet repaid.