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

Debit :: Debit (v. t.) To charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold..
Whitewash :: Whitewash (v. t.) To make white; to give a fair external appearance to; to clear from imputations or disgrace; hence, to clear (a bankrupt) from obligation to pay debts..
Hypothecate :: Hypothecate (v. t.) To subject, as property, to liability for a debt or engagement without delivery of possession or transfer of title; to pledge without delivery of possession; to mortgage, as ships, or other personal property; to make a contract by bottomry. See Hypothecation, Bottomry..
Redeem :: Redeem (v. t.) To regain by performing the obligation or condition stated; to discharge the obligation mentioned in, as a promissory note, bond, or other evidence of debt; as, to redeem bank notes with coin..
Recognizance :: Recognizance (n.) An obligation of record entered into before some court of record or magistrate duly authorized, with condition to do some particular act, as to appear at the same or some other court, to keep the peace, or pay a debt. A recognizance differs from a bond, being witnessed by the record only, and not by the party's seal..
Indebted :: Indebted (a.) Brought into debt; being under obligation; held to payment or requital; beholden.
Unincumbered :: Unincumbered (a.) Free from any temporary estate or interest, or from mortgage, or other charge or debt; as, an estate unincumbered with dower..
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..
Debenture :: Debenture (n.) A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person; the sum thus due..
Duebill :: Duebill (n.) A brief written acknowledgment of a debt, not made payable to order, like a promissory note..
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..
Alsatian :: Alsatian (n.) An inhabitant of Alsatia or Alsace in Germany, or of Alsatia or White Friars (a resort of debtors and criminals) in London..
Collect :: Collect (v. t.) To demand and obtain payment of, as an account, or other indebtedness; as, to collect taxes..
Factorize :: Factorize (v. t.) To attach (the effects of a debtor) in the hands of a third person ; to garnish. See Garnish.
Liquidate :: Liquidate (v. t.) To determine by agreement or by litigation the precise amount of (indebtedness); or, where there is an indebtedness to more than one person, to determine the precise amount of (each indebtedness); to make the amount of (an indebtedness) clear and certain..
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..
Debt :: 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..
Delegation :: Delegation (n.) A kind of novation by which a debtor, to be liberated from his creditor, gives him a third person, who becomes obliged in his stead to the creditor, or to the person appointed by him..
Interpleader :: Interpleader (n.) A proceeding devised to enable a person, of whom the same debt, duty, or thing is claimed adversely by two or more parties, to compel them to litigate the right or title between themselves, and thereby to relieve himself from the suits which they might otherwise bring against him..
Extend :: Extend (v. t.) To value, as lands taken by a writ of extent in satisfaction of a debt; to assign by writ of extent..
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