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.

Lern More About Debt

Set-off :: Set-off (n.) A counterclaim; a cross debt or demand; a distinct claim filed or set up by the defendant against the plaintiff's demand.
Book :: Book (n.) A volume or collection of sheets in which accounts are kept; a register of debts and credits, receipts and expenditures, etc..
Contributory :: Contributory (n.) One who contributes, or is liable to be called upon to contribute, as toward the discharge of a common indebtedness..
Fund :: Fund (v. t.) To put into the form of bonds or stocks bearing regular interest; as, to fund the floating debt..
Charge :: Charge (v. t.) To place something to the account of as a debt; to debit, as, to charge one with goods. Also, to enter upon the debit side of an account; as, to charge a sum to one..
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..
Sink :: Sink (v. t.) To reduce or extinguish by payment; as, to sink the national debt..
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..
Debitor :: Debitor (n.) A debtor.
Involve :: Involve (v. t.) To envelop, infold, entangle, or embarrass; as, to involve a person in debt or misery..
Plunge :: Plunge (v. i.) To thrust or cast one's self into water or other fluid; to submerge one's self; to dive, or to rush in; as, he plunged into the river. Also used figuratively; as, to plunge into debt..
Amortizable :: Amortizable (a.) Capable of being cleared off, as a debt..
Repudiate :: Repudiate (v. t.) To refuse to acknowledge or to pay; to disclaim; as, the State has repudiated its debts..
Acquittance :: Acquittance (n.) The clearing off of debt or obligation; a release or discharge from debt or other liability.
Indent :: Indent (n.) A certificate, or intended certificate, issued by the government of the United States at the close of the Revolution, for the principal or interest of the public debt..
Quittance :: Quittance (v. t.) Discharge from a debt or an obligation; acquittance.
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..
Undue :: Undue (a.) Not due; not yet owing; as, an undue debt, note, or bond..
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..
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..
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