Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

non-financial debt

The term non-financial debt is used to refer to the aggregate of debt owed by households, government agencies, non-profit organisations, or any corporation that is not in the financial sector. This can include loans made to households in the form of mortgages, or amounts owed on credit cards. It can also include bank loans to corporations, or corporate bonds they have issued to raise money. Economic forecasters might focus on the whole number or split it into non-financial household debt and...