Definition of debt

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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..

Lern More About Debt

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..
Joint :: "Joint (a.) United, joined, or sharing with another or with others; not solitary in interest or action; holding in common with an associate, or with associates; acting together; as, joint heir; joint creditor; joint debtor, etc..
Creditor :: Creditor (n.) One who gives credit in business matters; hence, one to whom money is due; -- correlative to debtor..
Liquidate :: Liquidate (v. t.) To discharge; to pay off, as an indebtedness..
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..
Insolvent :: Insolvent (n.) One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders..
Hypotheca :: Hypotheca (n.) An obligation by which property of a debtor was made over to his creditor in security of his debt.
Tickler :: Tickler (n.) A book containing a memorandum of notes and debts arranged in the order of their maturity.
Garnishee :: Garnishee (n.) One who is garnished; a person upon whom garnishment has been served in a suit by a creditor against a debtor, such person holding property belonging to the debtor, or owing him money..
Pledge :: Pledge (n.) The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement; also, the contract created between the debtor and creditor by a thing being so delivered or deposited, forming a species of bailment; also, that which is so delivered or deposited; something put in pawn..
Revival :: Revival (n.) Restoration of force, validity, or effect; renewal; as, the revival of a debt barred by limitation; the revival of a revoked will, etc..
Discuss :: Discuss (v. t.) To examine or search thoroughly; to exhaust a remedy against, as against a principal debtor before proceeding against the surety..
Diligence :: Diligence (n.) Process by which persons, lands, or effects are seized for debt; process for enforcing the attendance of witnesses or the production of writings..
Indebted :: Indebted (imp. & p. p.) of Indeb.
Bulk :: Bulk (n.) The main mass or body; the largest or principal portion; the majority; as, the bulk of a debt..
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..
Attach :: Attach (v. t.) To take by legal authority: (a) To arrest by writ, and bring before a court, as to answer for a debt, or a contempt; -- applied to a taking of the person by a civil process; being now rarely used for the arrest of a criminal. (b) To seize or take (goods or real estate) by virtue of a writ or precept to hold the same to satisfy a judgment which may be rendered in the suit. See Attachment, 4..
Undue :: Undue (a.) Not due; not yet owing; as, an undue debt, note, or bond..
Term :: Term (n.) A space of time granted to a debtor for discharging his obligation.
Neglect :: Neglect (adv.) Not to attend to with due care or attention; to forbear one's duty in regard to; to suffer to pass unimproved, unheeded, undone, etc.; to omit; to disregard; to slight; as, to neglect duty or business; to neglect to pay debts..
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