The phrase "state of debt" is correct and usable in written English.
The phrase can be used to refer to the overall financial burden of an individual or organization, meaning that they owe money to another entity. For example, "John was in a terrible state of debt, forcing him to take out a loan."
Around $9 billion is due later this year, and refinancing will be a tricky proposition given the parlous state of debt markets.
The Greens want to make sure that governments can't hide the real state of debt behind a phoney ceiling, which is little more than a political weapon and just a pretence for genuine checks and balances.
A Citizens Advice report, The state of debt collection (pdf), finds that the public sector compares poorly with utility companies and other private businesses when it comes to collecting debts.
But it can still be difficult to convince juries that if a person was not locked in a room or held in a state of debt bondage that trafficking has taken place.
The somewhat arcane sub-title of this book is "The state of debt, the work of mourning, and the New International".
Katniss constantly feels that she is in a state of debt towards Peeta.
New York State, $95.1 million of debt securities.
It is still hard to imagine the banking system being able to stand on its own two feet without explicit state guarantees of debt issuance and the implicit understanding that the government would step in again.
California lawmakers late Friday night rejected a plan by Mr. Schwarzenegger to float a $15 billion bond issue to bail the state out of debt, coupled with a constitutional amendment limiting future spending by a fixed formula.
A high savings rate enables China to sustain a higher steady state level of debt, which is also seen in countries like Japan.
Considering the catatonic state of the debt markets, it is likely that the Treasury would have to supply much of this.
