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The jurisdiction under which a debtor or other entity operates.

Most commonly the country in which a debtor - for example a bank - is located.


Independent of any higher external authority, especially in relation to a country.


The head of state in a monarchy.


A historical British gold coin, now used for collection or investment purposes.

In different historical periods, the nominal value has been either one pound sterling, or one pound and one shilling.


A country, especially in the context of sovereign issuance.

Sovereign debt has social costs
"High levels of sovereign debt also have significant social costs.
They reduce the government’s ability to spend on social safety nets and public goods such as education and public health, which can worsen inequality and human development outcomes."
International Monetary Fund - World Development Report 2022 - p204.

See also

External link