The phrase "total debt" refers to the total amount of money owed by a person, company, or country. It includes all outstanding loans, credit card balances, and other forms of borrowed money that need to be repaid. Full definition
Among households headed by those younger than 35 years of age, student debt rose from 9 % of total debt in 2007 to 15 % in 2010. (getoutofdebt.org)
It has also been recommended that lenders present more conservative debt ratio calculations and that home insurance be reflected in total debt service calculations. (mortgagetalkcanada.ca)
* The maximum gross debt service ratio will be limited to 39 per cent and the maximum total debt service ratios will remain at 44 per cent. (remonline.com)