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..

Lern More About Debt

Unincumbered :: Unincumbered (a.) Free from any temporary estate or interest, or from mortgage, or other charge or debt; as, an estate unincumbered with dower..
Recognizance :: Recognizance (n.) An obligation of record entered into before some court of record or magistrate duly authorized, with condition to do some particular act, as to appear at the same or some other court, to keep the peace, or pay a debt. A recognizance differs from a bond, being witnessed by the record only, and not by the party's seal..
Debt :: 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..
Assets :: Assets (n. pl.) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts..
Repudiation :: Repudiation (n.) The act of repudiating, or the state of being repuddiated; as, the repudiation of a doctrine, a wife, a debt, etc..
Compound :: Compound (v. t.) To settle amicably; to adjust by agreement; to compromise; to discharge from obligation upon terms different from those which were stipulated; as, to compound a debt..
Acquittal :: Acquittal (n.) The act of acquitting; discharge from debt or obligation; acquittance.
Sink :: Sink (v. t.) To reduce or extinguish by payment; as, to sink the national debt..
Extent :: Extent (n.) A peculiar species of execution upon debts due to the crown, under which the lands and goods of the debtor may be seized to secure payment..
Levant :: Levant (v. i.) To run away from one's debts; to decamp.
Indebtedness :: Indebtedness (n.) The state of being indebted.
Indebted :: Indebted (a.) Brought into debt; being under obligation; held to payment or requital; beholden.
Beholden :: Beholden (p. a.) Obliged; bound in gratitude; indebted.
Floating :: Floating (a.) Not funded; not fixed, invested, or determined; as, floating capital; a floating debt..
Claim :: Claim (n.) A right to claim or demand something; a title to any debt, privilege, or other thing in possession of another; also, a title to anything which another should give or concede to, or confer on, the claimant..
Apply :: Apply (v. t.) To put to use; to use or employ for a particular purpose, or in a particular case; to appropriate; to devote; as, to apply money to the payment of a debt..
Liable :: Liable (v. t.) Bound or obliged in law or equity; responsible; answerable; as, the surety is liable for the debt of his principal..
Readjuster :: Readjuster (n.) One who, or that which, readjusts; in some of the States of the United States, one who advocates a refunding, and sometimes a partial repudiation, of the State debt without the consent of the State's creditors..
Distress :: Distress (n.) To seize for debt; to distrain.
Contraction :: Contraction (n.) The act of incurring or becoming subject to, as liabilities, obligation, debts, etc.; the process of becoming subject to; as, the contraction of a disease..
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