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debts

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debt

  [det]
–noun
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.
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Origin:
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:
debtless, adjective

Synonyms:
1. obligation, duty, due.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2010.
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debt   (dět)   
n.  

  1. Something owed, such as money, goods, or services.

    1. An obligation or liability to pay or render something to someone else.

    2. The condition of owing: a young family always in debt.

  3. An offense requiring forgiveness or reparation; a trespass.


[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.]
debt'less adj.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

debt

Money, goods, or services owed by an individual, firm, or government to another individual, firm, or government.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

debt 
c.1290, from O.Fr. dete, from L. debitam "thing owed," neut. pp. of debere "to owe," originally, "keep something away from someone," from de- "away" + habere "to have" (see habit). Restored spelling after c.1400 from M.E. dette. The KJV has detter three times, debter three times, debtor twice and debtour once.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

debt

See liability.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

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) debts…of the United States —U.S. Constitution article I> debt for alimony> b : an obligation to pay or perform on another's claim debt> —compare ASSET, EQUITY 4
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 debt> d : the aggregate of money owed debt>
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
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Medical Dictionary

debt (dět)
n.
Something that is deficient or required to restore a normal state.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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