committed or obligated to repay a monetary loan: He was indebted to his friend for a large sum.
obligated for favors or kindness received: He was indebted to her for nursing him through pneumonia.

1175–1225; in-2 + debt + -ed2; replacing Middle English endetted < Old French endetté, past participle of endetter to involve in debt (see en-1)

preindebted, adjective
preindebtedness, noun

1. bound. 2. beholden, grateful. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
indebted (ɪnˈdɛtɪd)
1.  owing gratitude for help, favours, etc; obligated
2.  owing money

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

late 14c., "owing money," from O.Fr. endette, pp. of endetter "to involve in debt," from en- "in" + dette "debt" (see debt). Fig. sense of "under obligation for favors or services" first attested 1560s.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Of course the indebted countries have responsibility for their own dire straits.
While prosperity persisted, indebted consumers experienced few deleterious
Consequently, the impoverished and indebted weavers end up in debt to traders.
Little do they know how much my stomach is truly indebted to their generosity.
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