DEBT

debt

(noun) an obligation to pay or do something

debt

(noun) money or goods or services owed by one person to another

debt

(noun) the state of owing something (especially money); “he is badly in debt”

Source: WordNet® 3.1

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Etymology

Noun

debt (countable and uncountable, plural debts)

An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.

The state or condition of owing something to another.

Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.

(legal) An action at law to recover a certain specified sum of money alleged to be due.

Source: Wiktionary

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Debt, n. Etym: [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)

Definition: 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.

Source: Webster’s Unabridged Dictionary 1913 Edition

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