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- Dictionarydebt/dɛt/
noun
- 1. a sum of money that is owed or due: "I paid off my debts" Similar
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DEBT definition: 1. something, especially money, that is owed to someone else, or the state of owing something: 2…. Learn more.
The meaning of DEBT is something owed : obligation. How to use debt in a sentence.
Jun 29, 2024 · Debt is something, usually money, owed by one party to another. Debt is used by many individuals and companies to make large purchases they could not afford under other...
Definition of debt noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, local government, company, or an individual.
1. something that is owed, such as money, goods, or services. 2. See bad debt. 3. an obligation to pay or perform something; liability. 4. the state of owing something, esp money, or of being under an obligation (esp in the phrases in debt, in (someone's) debt) 5.
a situation in which you owe money to someone: We don't want to get into debt. He's heavily in debt. be in sb's debt. to feel grateful to someone who has helped you or given you something: I shall forever be in your debt. (Definition of debt from the Cambridge Learner's Dictionary © Cambridge University Press)
1. something that is owed, such as money, goods, or services. 2. (Banking & Finance) bad debt a debt that has little or no prospect of being paid. 3. an obligation to pay or perform something; liability. 4. (Banking & Finance) the state of owing something, esp money, or of being under an obligation (esp in the phrases in debt, in (someone's) debt)
debt, something owed. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest. For governments, the need to borrow in order to finance a deficit budget has led to the development of various forms of national debt. See also bankruptcy; debtor and ...
The noun debt refers to an obligation to pay for or do something. If you get arrested for stealing, serving time in jail is the way to repay your debt to society. Debt comes from the Latin word debitum, which means "thing owed." Often, a debt is money that you must repay someone.