private debt; private-sector debt
Refers to debt held by private entities, as opposed to public or government debt. Common in economic and financial contexts.
The increase in private debt has become a factor of economic instability.
The government began to address the resolution of private debt.
公的債務 refers to public or government debt, while 民間債権 refers to debt held by private entities.
Compound of 民間 (private, civilian) and 債権 (credit, claim, debt).