- Debt is defined as owing money, owed money that is past due or the feeling as if you owe someone something.
- An example of debt is what you owe on your mortgage and car loan.
- An example of debt is a feeling of gratitude when someone helps you to go to college.
debt definition by Webster's New World
- something owed by one person to another or others
- an obligation or liability to pay or return something
- the condition of owing: to be in debt
- Theol. a sin
Origin: altered (after L) ; from Middle English and amp; Old French dette ; from Classical Latin debitum, neuter past participle of debere, to owe ; from de-, from plush habere, to have: see habit
debt definition by American Heritage Dictionary
- Something owed, such as money, goods, or services.
- a. An obligation or liability to pay or render something to someone else.b. The condition of owing: a young family always in debt.
- An offense requiring forgiveness or reparation; a trespass.
Origin: Middle English dette, from Old French, from Vulgar Latin *dēbita, pl. of Latin dēbitum, debt, neuter past participle of dēbēre, to owe; see ghabh- in Indo-European roots.
- debtˈless adjective
debt - Business Definition
debt - Cultural Definition
debt - Investment & Finance Definition
An obligation that a person or organization has to another person or organization. Debt may be in the form of a bond, note, mortgage, line of credit, or other financial instrument. Debt may be secured by assets, which means that the assets will be seized in the event of default, or be unsecured.
debt - Legal Definition
debt - Medical Definition