# debt (in the context of the financial accounts)

- Canonical URL: https://www.gerhardmerk.de/debt-in-the-context-of-the-financial-accounts
- Post ID: 604428
- Modified: 2026-09-07T19:48:00+00:00
- Language: en

## Definition

Corporate debt is the portion of non-financial companies’ outstanding financial obligations captured in the national accounts. It is recorded using end-period market prices and includes borrowing, liabilities in the form of deposits, issued debt instruments, and reserves associated with employer-sponsored direct pension arrangements. The quarterly estimate may be narrower than the annual estimate because some lending between non-financial entities and lending from banks outside the euro area may be omitted from the quarterly dataset.

## Machine-readable

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