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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Assignor :: Assignor (n.) An assigner; a person who assigns or transfers an interest; as, the assignor of a debt or other chose in action..
Guarantee :: Guarantee (n.) In law and common usage: A promise to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance; an engagement which secures or insures another against a contingency; a warranty; a security. Same as Guaranty..
Due :: Due (n.) That which is owed; debt; that which one contracts to pay, or do, to or for another; that which belongs or may be claimed as a right; whatever custom, law, or morality requires to be done; a fee; a toll..
Payment :: Payment (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation..
Collector :: Collector (n.) One authorized to collect debts.
Owe :: Owe (v.) To have an obligation to (some one) on account of something done or received; to be indebted to; as, to iwe the grocer for supplies, or a laborer for services..
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.
Discharge :: Discharge (v. t.) To send away (a creditor) satisfied by payment; to pay one's debt or obligation to.
Relinquish :: Relinquish (v. t.) To give up; to renounce a claim to; resign; as, to relinquish a debt..
Absolve :: Absolve (v. t.) To set free, or release, as from some obligation, debt, or responsibility, or from the consequences of guilt or such ties as it would be sin or guilt to violate; to pronounce free; as, to absolve a subject from his allegiance; to absolve an offender, which amounts to an acquittal and remission of his punishment..
Adjudication :: Adjudication (n.) The decision upon the question whether the debtor is a bankrupt.
Indebted :: Indebted (a.) Brought into debt; being under obligation; held to payment or requital; beholden.
Account :: Account (n.) A registry of pecuniary transactions; a written or printed statement of business dealings or debts and credits, and also of other things subjected to a reckoning or review; as, to keep one's account at the bank..
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..
Discharge :: Discharge (v. t.) To throw off the obligation of, as a duty or debt; to relieve one's self of, by fulfilling conditions, performing duty, trust, and the like; hence, to perform or execute, as an office, or part..
Extort :: Extort (v. t.) To wrest from an unwilling person by physical force, menace, duress, torture, or any undue or illegal exercise of power or ingenuity; to wrench away (from); to tear away; to wring (from); to exact; as, to extort contributions from the vanquished; to extort confessions of guilt; to extort a promise; to extort payment of a debt..
Pipe :: Pipe (n.) A roll formerly used in the English exchequer, otherwise called the Great Roll, on which were taken down the accounts of debts to the king; -- so called because put together like a pipe..
Stock :: Stock (n.) The part of a tally formerly struck in the exchequer, which was delivered to the person who had lent the king money on account, as the evidence of indebtedness. See Counterfoil..
Distress :: Distress (n.) To seize for debt; to distrain.
Novation :: Novation (n.) A substitution of a new debt for an old one; also, the remodeling of an old obligation..
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