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

Exchange :: Exchange (n.) The process of setting accounts or debts between parties residing at a distance from each other, without the intervention of money, by exchanging orders or drafts, called bills of exchange. These may be drawn in one country and payable in another, in which case they are called foreign bills; or they may be drawn and made payable in the same country, in which case they are called inland bills. The term bill of exchange is often abbreviated into exchange; as, to buy or sell exchange.
Embarrassment :: Embarrassment (n.) Difficulty or perplexity arising from the want of money to pay debts.
Liquidate :: Liquidate (v. t.) To discharge; to pay off, as an indebtedness..
Funding :: Funding (a.) Providing a fund for the payment of the interest or principal of a debt.
Tender :: Tender (v. t.) To offer in payment or satisfaction of a demand, in order to save a penalty or forfeiture; as, to tender the amount of rent or debt..
Debtee :: Debtee (n.) One to whom a debt is due; creditor; -- correlative to debtor.
Discharge :: Discharge (v. t.) To send away (a creditor) satisfied by payment; to pay one's debt or obligation to.
Re-demption :: Re-demption (n.) Performance of the obligation stated in a note, bill, bond, or other evidence of debt, by making payment to the holder..
Receive :: Receive (v. t.) To take, as something that is offered, given, committed, sent, paid, or the like; to accept; as, to receive money offered in payment of a debt; to receive a gift, a message, or a letter..
Surety :: Surety (n.) One who is bound with and for another who is primarily liable, and who is called the principal; one who engages to answer for another's appearance in court, or for his payment of a debt, or for performance of some act; a bondsman; a bail..
Bulk :: Bulk (n.) The main mass or body; the largest or principal portion; the majority; as, the bulk of a debt..
Dunner :: Dunner (n.) One employed in soliciting the payment of debts.
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..
Debted :: Debted (p. a.) Indebted; obliged to.
Due :: Due (a.) Owed, as a debt; that ought to be paid or done to or for another; payable; owing and demandable..
Attach :: Attach (v. t.) To take by legal authority: (a) To arrest by writ, and bring before a court, as to answer for a debt, or a contempt; -- applied to a taking of the person by a civil process; being now rarely used for the arrest of a criminal. (b) To seize or take (goods or real estate) by virtue of a writ or precept to hold the same to satisfy a judgment which may be rendered in the suit. See Attachment, 4..
Bankrupt :: Bankrupt (a.) Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant..
Run :: Run (a.) To pass from one state or condition to another; to come into a certain condition; -- often with in or into; as, to run into evil practices; to run in debt..
Shoulder :: Shoulder (v. t.) To take upon the shoulder or shoulders; as, to shoulder a basket; hence, to assume the burden or responsibility of; as, to shoulder blame; to shoulder a debt..
Solvent :: Solvent (a.) Able or sufficient to pay all just debts; as, a solvent merchant; the estate is solvent..
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