Examlex
When the U.S. debt-to-GDP ratio has fallen, it has generally been because:
Debt Guarantees
Commitments made to cover the debt obligations of another party in case of payment default, typically provided by a parent company for its subsidiaries or a government for private enterprises.
Contingent Liability
A future financial liability that might occur based on the result of a particular event.
Contingent Liability
A potential financial obligation that may arise in the future, depending on the outcome of a specific event.
Future Event
A possible occurrence that may happen in the future, impacting strategies or decisions in various contexts.
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