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

Contract :: Contract (n.) To bring on; to incur; to acquire; as, to contract a habit; to contract a debt; to contract a disease..
Rente :: Rente (n.) In France, interest payable by government on indebtedness; the bonds, shares, stocks, etc., which represent government indebtedness..
Seguestration :: Seguestration (n.) The seizure of the property of an individual for the use of the state; particularly applied to the seizure, by a belligerent power, of debts due from its subjects to the enemy..
Neglect :: Neglect (adv.) Not to attend to with due care or attention; to forbear one's duty in regard to; to suffer to pass unimproved, unheeded, undone, etc.; to omit; to disregard; to slight; as, to neglect duty or business; to neglect to pay debts..
Assets :: Assets (n. pl.) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts..
Amortizable :: Amortizable (a.) Capable of being cleared off, as a debt..
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..
Retention :: Retention (n.) The right of withholding a debt, or of retaining property until a debt due to the person claiming the right be duly paid; a lien..
Exact :: Exact (a.) Precisely agreeing with a standard, a fact, or the truth; perfectly conforming; neither exceeding nor falling short in any respect; true; correct; precise; as, the clock keeps exact time; he paid the exact debt; an exact copy of a letter; exact accounts..
Appropriation :: Appropriation (n.) The application of payment of money by a debtor to his creditor, to one of several debts which are due from the former to the latter..
Hypotheca :: Hypotheca (n.) An obligation by which property of a debtor was made over to his creditor in security of his debt.
Unbalanced :: Unbalanced (a.) Not adjusted; not settled; not brought to an equality of debt and credit; as, an unbalanced account; unbalanced books..
Garnishee :: Garnishee (n.) One who is garnished; a person upon whom garnishment has been served in a suit by a creditor against a debtor, such person holding property belonging to the debtor, or owing him money..
Compounder :: Compounder (n.) One who compounds a debt, obligation, or crime..
Responsibility :: Responsibility (n.) The state of being responsible, accountable, or answerable, as for a trust, debt, or obligation..
Floating :: Floating (a.) Not funded; not fixed, invested, or determined; as, floating capital; a floating debt..
Sink :: Sink (v. t.) To reduce or extinguish by payment; as, to sink the national debt..
Quietus :: Quietus (a.) Final discharge or acquittance, as from debt or obligation; that which silences claims; (Fig.) rest; death..
Post :: Post (n.) The doorpost of a victualer's shop or inn, on which were chalked the scores of customers; hence, a score; a debt..
Recover :: Recover (v. t.) To gain as a compensation; to obtain in return for injury or debt; as, to recover damages in trespass; to recover debt and costs in a suit at law; to obtain title to by judgement in a court of law; as, to recover lands in ejectment or common recovery; to gain by legal process; as, to recover judgement against a defendant..
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