Definition of debt

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Debt (n.) 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..

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Security :: Security (n.) Something given, deposited, or pledged, to make certain the fulfillment of an obligation, the performance of a contract, the payment of a debt, or the like; surety; pledge..
Dun :: Dun (v. t. & i.) To ask or beset, as a debtor, for payment; to urge importunately..
Incurrence :: Incurrence (n.) The act of incurring, bringing on, or subjecting one's self to (something troublesome or burdensome); as, the incurrence of guilt, debt, responsibility, etc..
Rente :: Rente (n.) In France, interest payable by government on indebtedness; the bonds, shares, stocks, etc., which represent government indebtedness..
Requisition :: Requisition (n.) A notarial demand of a debt.
Specialty :: Specialty (n.) A contract or obligation under seal; a contract by deed; a writing, under seal, given as security for a debt particularly specified..
Enhance :: Enhance (v. i.) To be raised up; to grow larger; as, a debt enhances rapidly by compound interest..
Assets :: Assets (n. pl.) Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend..
Set-off :: Set-off (n.) A counterclaim; a cross debt or demand; a distinct claim filed or set up by the defendant against the plaintiff's demand.
Lien :: Lien (n.) A legal claim; a charge upon real or personal property for the satisfaction of some debt or duty; a right in one to control or hold and retain the property of another until some claim of the former is paid or satisfied.
Debtor :: Debtor (n.) One who owes a debt; one who is indebted; -- correlative to creditor.
Clear :: Clear (v. t.) To free from impediment or incumbrance, from defilement, or from anything injurious, useless, or offensive; as, to clear land of trees or brushwood, or from stones; to clear the sight or the voice; to clear one's self from debt; -- often used with of, off, away, or out..
Reckon :: Reckon (v. i.) To come to an accounting; to make up accounts; to settle; to examine and strike the balance of debt and credit; to adjust relations of desert or penalty.
Discount :: Discount (v. t.) A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted..
Liable :: Liable (v. t.) Bound or obliged in law or equity; responsible; answerable; as, the surety is liable for the debt of his principal..
Indebted :: Indebted (a.) Brought into debt; being under obligation; held to payment or requital; beholden.
Interpleader :: Interpleader (n.) A proceeding devised to enable a person, of whom the same debt, duty, or thing is claimed adversely by two or more parties, to compel them to litigate the right or title between themselves, and thereby to relieve himself from the suits which they might otherwise bring against him..
Funded :: Funded (a.) Existing in the form of bonds bearing regular interest; as, funded debt..
Seize :: Seize (v. t.) To take possession of by virtue of a warrant or other legal authority; as, the sheriff seized the debtor's goods..
Confession :: Confession (n.) Acknowledgment; avowal, especially in a matter pertaining to one's self; the admission of a debt, obligation, or crime..
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