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

Abscond :: Abscond (v. i.) To depart clandestinely; to steal off and secrete one's self; -- used especially of persons who withdraw to avoid a legal process; as, an absconding debtor..
Indebted :: Indebted (a.) Placed under obligation for something received, for which restitution or gratitude is due; as, we are indebted to our parents for their care of us in infancy; indebted to friends for help and encouragement..
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..
Arrest :: Arrest (v. t.) To take, seize, or apprehend by authority of law; as, to arrest one for debt, or for a crime..
Liquidate :: Liquidate (v. t.) In an extended sense: To ascertain the amount, or the several amounts, of , and apply assets toward the discharge of (an indebtedness)..
Acquittance :: Acquittance (n.) The clearing off of debt or obligation; a release or discharge from debt or other liability.
Quit :: Quit (a.) To discharge, as an obligation or duty; to meet and satisfy, as a claim or debt; to make payment for or of; to requite; to repay..
Indulgence :: Indulgence (n.) Remission of the temporal punishment due to sins, after the guilt of sin has been remitted by sincere repentance; absolution from the censures and public penances of the church. It is a payment of the debt of justice to God by the application of the merits of Christ and his saints to the contrite soul through the church. It is therefore believed to diminish or destroy for sins the punishment of purgatory..
Embarrassment :: Embarrassment (n.) Difficulty or perplexity arising from the want of money to pay debts.
Discharge :: Discharge (v. t.) Act of relieving of something which oppresses or weighs upon one, as an obligation, liability, debt, accusation, etc.; acquittance; as, the discharge of a debtor..
Redeem :: Redeem (v. t.) To regain by performing the obligation or condition stated; to discharge the obligation mentioned in, as a promissory note, bond, or other evidence of debt; as, to redeem bank notes with coin..
Amortizable :: Amortizable (a.) Capable of being cleared off, as a debt..
Quittance :: Quittance (v. t.) Discharge from a debt or an obligation; acquittance.
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..
Remission :: Remission (n.) Discharge from that which is due; relinquishment of a claim, right, or obligation; pardon of transgression; release from forfeiture, penalty, debt, etc..
Extent :: Extent (n.) A process of execution by which the lands and goods of a debtor are valued and delivered to the creditor.
Tickler :: Tickler (n.) A book containing a memorandum of notes and debts arranged in the order of their maturity.
Floating :: Floating (a.) Not funded; not fixed, invested, or determined; as, floating capital; a floating debt..
Dunner :: Dunner (n.) One employed in soliciting the payment of debts.
Incur :: Incur (v. t.) To meet or fall in with, as something inconvenient, harmful, or onerous; to put one's self in the way of; to expose one's self to; to become liable or subject to; to bring down upon one's self; to encounter; to contract; as, to incur debt, danger, displeasure/ penalty, responsibility, etc..
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