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

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..
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..
Payment :: Payment (n.) That which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return..
Discharge :: Discharge (v. t.) To of something weighing upon or impeding over one, as a debt, claim, obligation, responsibility, accusation, etc.; to absolve; to acquit; to clear..
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.
Indebtment :: Indebtment (n.) Indebtedness.
Involve :: Involve (v. t.) To envelop, infold, entangle, or embarrass; as, to involve a person in debt or misery..
Amortizable :: Amortizable (a.) Capable of being cleared off, as a debt..
Acquittance :: Acquittance (n.) The clearing off of debt or obligation; a release or discharge from debt or other liability.
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..
Quietus :: Quietus (a.) Final discharge or acquittance, as from debt or obligation; that which silences claims; (Fig.) rest; death..
Irrecoverable :: Irrecoverable (a.) Not capable of being recovered, regained, or remedied; irreparable; as, an irrecoverable loss, debt, or injury..
Due :: Due (a.) Owed, as a debt; that ought to be paid or done to or for another; payable; owing and demandable..
Fund :: Fund (n.) The stock of a national debt; public securities; evidences (stocks or bonds) of money lent to government, for which interest is paid at prescribed intervals; -- called also public funds..
Acquit :: Acquit (v. t.) To discharge, as a claim or debt; to clear off; to pay off; to requite..
Guaranty :: Guaranty (n.) In law and common usage: To undertake or engage that another person shall perform (what he has stipulated); to undertake to be answerable for (the debt or default of another); to engage to answer for the performance of (some promise or duty by another) in case of a failure by the latter to perform; to undertake to secure (something) to another, as in the case of a contingency. See Guarantee, v. t..
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..
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..
Compound :: Compound (v. t.) To settle amicably; to adjust by agreement; to compromise; to discharge from obligation upon terms different from those which were stipulated; as, to compound a debt..
Remission :: Remission (n.) Discharge from that which is due; relinquishment of a claim, right, or obligation; pardon of transgression; release from forfeiture, penalty, debt, etc..
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