What (who) is debt - definition

DEFERRED PAYMENT, OR SERIES OF PAYMENTS, THAT IS OWED IN THE FUTURE

Debt (economics); Debt finance; Good Debt; Debts; Nonfinancial debt; Principal sum; Debt (finance); Indebtedness; Debt reduction; Net debt; Principal amount; Principal (finance); Utang; Debt financing; Emotional effects of debt; Effects of debt on mental health

debt

n. 1) a sum of money due to another. 2) obligation to deliver particular goods or perform certain acts according to an agreement, such as returning a favor. 3) a cause of action in a lawsuit for a particular amount owed. See also: common counts

debt

(debts)

Frequency: The word is one of the 1500 most common words in English.

A debt is a sum of money that you owe someone.

Three years later, he is still paying off his debts...

...reducing the country's $18 billion foreign debt.

N-VAR

see also bad debt

Debt is the state of owing money.

Stress is a main reason for debt.

N-UNCOUNT

•

If you are in debt or get into debt, you owe money. If you are out of debt or get out of debt, you succeed in paying all the money that you owe.

He was already deeply in debt through gambling losses...

How can I accumulate enough cash to get out of debt?

PHRASE

You use debt in expressions such as I owe you a debt or I am in your debt when you are expressing gratitude for something that someone has done for you. (FORMAL)

He was so good to me that I can never repay the debt I owe him...

N-COUNT: usu sing, oft in poss N [feelings]

debt

1) to contract, incur, run up a debt; to get into, go into debt

2) to collect, recover a debt

3) to discharge, pay (off), settle; wipe out; write off a debt

4) to cancel; repudiate a debt

5) a bad; outstanding, unsettled debt

6) a business; gambling; personal, private debt, the national debt

7) in debt for; to (he is in debt to me for a large sum; deeply in debt)

8) out of debt (to stay out of debt)

9) (misc.) a debt of honor

Wikipedia

Debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity.

The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person.

https://en.wikipedia.org/wiki/Debt

Pronunciation examples for debt