The Gallatin Election Day Battle took place on 6 August 1838, when about 200 people attempted to forcibly prevent Mormons from voting in the newly created county's first election. The skirmish is often cited as the opening event of the 1838 Mormon War.
Wiktionary(0.00 / 0 votes)Rate this definition: sovereign debt(Noun) The amount of money outstanding that was borrowed by a government in order to finance expenditure not covered by taxation.
America's debt is the largest in the world for a single country. It runs neck and neck with that of the European Union, an economic union of 28 countries. For more, see Sovereign Debt Rankings. The debt is greater than what America produces in a whole year.