Also means
outstanding debt
Usage Note
Schuldenstand refers to the total amount of debt outstanding at a given moment, for an individual, company, or state. Den Schuldenstand senken = to reduce the debt level.
Examples
"Der Schuldenstand des Landes hat einen Rekord erreicht."
Natural Translation
The country's debt level has reached a record.
Literal Translation
The debt-level of-the country has a record reached.

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