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debt
[det]
| 1. | something that is owed or that one is bound to pay to or perform for another: a debt of $50. |
| 2. | a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily. |
| 3. | the condition of being under such an obligation: His gambling losses put him deeply in debt. |
| 4. | Theology. an offense requiring reparation; a sin; a trespass. |
1175–1225; ME dette < OF < L dēbita (neut. pl., taken in VL as fem. sing.), n. use of dēbitus, ptp. of dēbēre to owe, contr. of *dēhabēre, equiv. to dē- de- + habēre to have, possess

Related forms:
1. obligation, duty, due.
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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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.Cite This Source
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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debt
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Debt
An amount of money borrowed and owed by one party to another.
Investopedia Commentary
Bonds, loans and commercial paper are all examples of debt.
Related Links
Debt Reckoning
What Is A Corporate Credit Rating?
When Companies Borrow Money
Uncovering Hidden Debt
See also: Accounts Payable, Accounts Receivable, Debt Equity Ratio, Debt Security, Long Term Debt, Net Debt, Non-Recourse Debt
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Copyright © 2003. Published by Houghton Mifflin.
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Main Entry: debt
Function: noun
Etymology: Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe
1 : something owed: as a : a specific sum of money or a performance due another esp. by agreement (as a loan agreement)
NOTE: It is often up to the courts to decide what is or is not a debt under various laws. Courts disagree whether criminal restitution is a debt under the Bankruptcy Code. The historical practice of imprisoning debtors for nonpayment is no longer used.
antecedent debt
: debt that is incurred prior to a property transfer paying or securing the debt —compare PREFERENCE
bad debt
: a debt that cannot be collected
NOTE: An income tax deduction is allowed for bad debts.
consumer debt
: debt that is incurred by an individual primarily for the purchase of consumer goods or services —compare CONSUMER CREDIT
judgment debt
: a debt established by a judgment and enforceable by a legal process (as an execution of judgment or attachment) c : a state of owing
2 : the common-law action for the recovery of a specified sum of money or a sum that can be simply and certainly determined called also action of debt writ of debt —compare ASSUMPSIT, COVENANT
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debt (dět)
n.
Something that is deficient or required to restore a normal state.
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Debt
The Mosaic law encouraged the practice of lending (Deut. 15:7; Ps. 37:26; Matt. 5:42); but it forbade the exaction of interest except from foreigners. Usury was strongly condemned (Prov. 28:8; Ezek. 18:8, 13, 17; 22:12; Ps. 15:5). On the Sabbatical year all pecuniary obligations were cancelled (Deut. 15:1-11). These regulations prevented the accumulation of debt.
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debt
Copyright © 1997. Published by Houghton Mifflin.
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