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

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..
Debit :: Debit (v. t.) To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold..
Adjudication :: Adjudication (n.) A process by which land is attached security or in satisfaction of a debt.
Sink :: Sink (v. t.) To reduce or extinguish by payment; as, to sink the national debt..
Principal :: Principal (n.) A chief obligor, promisor, or debtor, -- as distinguished from a surety..
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..
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..
Insolvent :: Insolvent (a.) Not sufficient to pay all the debts of the owner; as, an insolvent estate..
Collector :: Collector (n.) One authorized to collect debts.
Duebill :: Duebill (n.) A brief written acknowledgment of a debt, not made payable to order, like a promissory note..
Amortize :: Amortize (v. t.) To clear off or extinguish, as a debt, usually by means of a sinking fund..
Debtee :: Debtee (n.) One to whom a debt is due; creditor; -- correlative to debtor.
Non Est Factum :: Non est factum () The plea of the general issue in an action of debt on bond.
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..
Solvable :: Solvable (a.) Able to pay one's debts; solvent.
Insolvent :: Insolvent (a.) Relating to persons unable to pay their debts.
Elegit :: Elegit (n.) A judicial writ of execution, by which a defendant's goods are appraised and delivered to the plaintiff, and, if not sufficient to satisfy the debt, all of his lands are delivered, to be held till the debt is paid by the rents and profits, or until the defendant's interest has expired..
Seguestration :: Seguestration (n.) The seizure of the property of an individual for the use of the state; particularly applied to the seizure, by a belligerent power, of debts due from its subjects to the enemy..
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..
Oblige :: Oblige (v. t.) To bind by some favor rendered; to place under a debt; hence, to do a favor to; to please; to gratify; to accommodate..
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