Definition of debt

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Debt (n.) An action at law to recover a certain specified sum of money alleged to be due.

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Bankrupt :: Bankrupt (n.) A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person..
Del Credere :: Del credere () An agreement by which an agent or factor, in consideration of an additional premium or commission (called a del credere commission), engages, when he sells goods on credit, to insure, warrant, or guarantee to his principal the solvency of the purchaser, the engagement of the factor being to pay the debt himself if it is not punctually discharged by the buyer when it becomes due..
Composition :: Composition (n.) The adjustment of a debt, or avoidance of an obligation, by some form of compensation agreed on between the parties; also, the sum or amount of compensation agreed upon in the adjustment..
Clear :: Clear (v. t.) To free from impediment or incumbrance, from defilement, or from anything injurious, useless, or offensive; as, to clear land of trees or brushwood, or from stones; to clear the sight or the voice; to clear one's self from debt; -- often used with of, off, away, or out..
Amortization :: Amortization (n.) The extinction of a debt, usually by means of a sinking fund; also, the money thus paid..
Clear :: Clear (superl.) Free from impediment or obstruction; unobstructed; as, a clear view; to keep clear of debt..
Insure :: Insure (v. t.) Specifically, to secure against a loss by a contingent event, on certain stipulated conditions, or at a given rate or premium; to give or to take an insurance on or for; as, a merchant insures his ship or its cargo, or both, against the dangers of the sea; goods and buildings are insured against fire or water; persons are insured against sickness, accident, or death; and sometimes hazardous debts are insured..
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..
Asylum :: Asylum (n.) A sanctuary or place of refuge and protection, where criminals and debtors found shelter, and from which they could not be forcibly taken without sacrilege..
Collect :: Collect (v. t.) To demand and obtain payment of, as an account, or other indebtedness; as, to collect taxes..
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..
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..
Chevisance :: Chevisance (n.) A bargain or contract; an agreement about a matter in dispute, such as a debt; a business compact..
Rente :: Rente (n.) In France, interest payable by government on indebtedness; the bonds, shares, stocks, etc., which represent government indebtedness..
Pawn :: Pawn (n.) Anything delivered or deposited as security, as for the payment of money borrowed, or of a debt; a pledge. See Pledge, n., 1..
Enhance :: Enhance (v. i.) To be raised up; to grow larger; as, a debt enhances rapidly by compound interest..
Insecurity :: Insecurity (n.) The condition or quality of being insecure; want of safety; danger; hazard; as, the insecurity of a building liable to fire; insecurity of a debt..
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..
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..
Discharge :: Discharge (v. t.) The state of being discharged or relieved of a debt, obligation, office, and the like; acquittal..
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