Debt

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Debt Meaning and Definition in Dictionary

Definitions from Wordnet 2.0


  • an obligation to pay or do something
  • money or goods or services owed by one person to another
  • the state of owing something (especially money); "he is badly in debt"

Definitions from Wiktionary


  • the state of owing something (especially money); "he is badly in debt" ,
  • money or goods or services owed by one person to another ,
  • an obligation to pay or do something

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Debt Meaning and Definition in Wikipedia


Debt is what someone owes to someone else. Usually, debt is in the form of money, but it can also be items, favors, or other things. Thus if you make an agreement to give or do something for someone else later, because they have given or done something for you, you now owe a debt.

Goods, services or money borrowed with the intent of repayment (in kind or not) creates a debt. Debt can be secured or unsecured in nature.

A secured debt involves the use of collateral, which is an asset that is obligated (promised) to the debt-holder until the debt has been repaid. If the repayment is not made in full, the lender gets the collateral asset. For instance, a car loan typically creates a secured debt. If you still owe money on the car loan and do not make timely payments, the note-holder can take back (or repossess) the car and sell it to get the money still due. A home mortgage is similar.



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'Debt' example sentence in quotations


* The spirit in which a thing is given determines that in which the debt is acknowledged it's the intention, not the face-value of the gift, that's weighed. - Seneca

* We can pay our debt to the past by putting the future in debt to ourselves. - John Buchan

* A duty dodged is like a debt unpaid it is only deferred, and we must come back and settle the account at last. - Joseph F. Newton


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Debt Sample Sentences in News


  • Debt and hunger at birthplace of Ebola in Guinea
    MELIANDOU, Guinea (AP) — When 2-year-old Emile Ouamouno caught a fever, started vomiting, passed blood in his stool and died two days later, nobody knew why. Read more on this news related to 'Debt'
  • Figures on government spending and debt
    Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. Read more on this news related to 'Debt'
  • China Local Debt Crisis Spells Global Opportunity in 2015
    China’s overhaul of local government financing spells opportunity for global investors in 2015. Read more on this news related to 'Debt'

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