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
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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)