The word "sovereign" refers to a person, group, or state that has supreme power or authority. It means being independent and having the ability to make decisions without interference from others. Full definition
However, he acknowledged that the current state of sovereign bond markets was «not normal,» and «some sort of European solution» was necessary. (thinkadvisor.com)
The size of a state, particularly in this age of sovereign debt crises, is a key indicator for investors. (conservativehome.blogs.com)
Whether held as commercial assets in the form of land and real estate or as financial assets in sovereign wealth funds, the nature and extent of public wealth is often misunderstood. (blog.politics.ox.ac.uk)