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A bona fide debt cannot arise on a loan between father and son.
Federal Government Debt
The total amount of money that the national government has borrowed through various means, including Treasury bonds, bills, and notes.
Default Risk
The risk associated with a borrower failing to make required payments on debt.
Liquidity Risk
The risk that an entity will not be able to meet its financial obligations as they come due because it cannot convert assets to cash quickly.
Deferred Consumption Risk
The risk associated with postponing consumption today in order to invest, with the potential of not having enough resources in the future.
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