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Dictionary Meaning and Definition on 'Debt'

Debt Meaning and Definition from WordNet (r) 2.0
    debt n
  1. the state of owing something (especially money); "he is badly in debt"
  2. money or goods or services owed by one person to another
  3. an obligation to pay or do something
Debt Meaning and Definition from Webster's Revised Unabridged Dictionary (1913)
    Debt \Debt\, n. [OE. dette, F. dette, LL. debita, fr. L. debitus owed, p. p. of debere to owe, prop., to have on loan; de- + habere to have. See Habit, and cf. Debit, Due.]
  1. That which is due from one person to another, whether money, goods, or services; that which one person is bound to pay to another, or to perform for his benefit; thing owed; obligation; liability. Your son, my lord, has paid a soldier's debt. --Shak. When you run in debt, you give to another power over your liberty. --Franklin.
  2. A duty neglected or violated; a fault; a sin; a trespass. ``Forgive us our debts.'' --Matt. vi. 12.
  3. (Law) An action at law to recover a certain specified sum of money alleged to be due. --Burrill. Bond debt, Book debt, etc. See under Bond, Book, etc. Debt of nature, death.
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Wikipedia Meaning and Definition on 'Debt'

  • Debt: Debt is that which is owed ; usually referencing asset s owed, but the term can also cover moral obligations and other interactions not ...
  • Government debt: Government debt (also known as public debt, national debt is money (or credit ) owed by any level of government; either central government ...
  • United States public debt: as two calculations: "Debt Held by the Public", defined as U.S. Treasury securities held by institutions outside the United States ...
  • Developing countries' debt: Developing countries' debt is external debt incurred by the governments of Third World countries , generally in quantities beyond the ...
  • External debt: External debt (or foreign debt) is that part of the total debt in a country that is owed to creditor s outside the country. ...
  • Debt relief: Debt relief is the partial or total forgiveness of debt , or the slowing or stopping of debt growth, owed by individuals, corporations, or ...
  • Debt bondage: Debt bondage (or bonded labor) is an arrangement whereby a person is forced to pay off a loan with direct labor in place of currency, over ...
  • Debt (game show): Debt is an American game show hosted by veteran host Wink Martindale , which aired on Lifetime from June 3, 1996 to August 14, 1998. ...

Words and phrases related to 'Debt'

'Debt' in famous quotation sentence

* 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

  • Is Student Debt Really Hurting the Housing Market?
    Student loan debt may present a significant obstacle to young Americans looking to buy a median-priced home. Read more on this news related to 'Debt'
  • 2 words to help escape debt
    If you're nervous about going to court over a debt, don't be. Show up, say this simple phrase, and you're on your way. Read more on this news related to 'Debt'
  • Kenya total debt rises 3.15 percent in July
    Kenya's total debt increased by 3.15 percent in the year ended July from a month earlier, reflecting higher borrowing in the local and foreign markets, the ministry of finance said on Wednesday. Rated sub-investment grade at B1 with a stable outlook by Moody's last November, Kenya has a sustainable public debt with very low risk of external debt problems, Read more on this news related to 'Debt'

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