Dead

weight. The name given to that portion of the British national debt which is not represented by investments or reproductive expenditure; it includes the permanent debt of the; government of Great Britain to the Bank of England, amounting to £11,015,100, which serves as backing for (as security for) a corresponding amount of notes (paper money) i ued by the bank. This item appears as a credit item in the weekly return of the bank under the heading “I ue department.”