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

Solvability :: Solvability (n.) The condition of being solvent; ability to pay all just debts; solvency; as, the solvability of a merchant..
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..
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..
Liquidate :: Liquidate (v. t.) In an extended sense: To ascertain the amount, or the several amounts, of , and apply assets toward the discharge of (an indebtedness)..
Liquidate :: Liquidate (v. t.) To discharge; to pay off, as an indebtedness..
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..
Guarantee :: Guarantee (n.) In law and common usage: A promise to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance; an engagement which secures or insures another against a contingency; a warranty; a security. Same as Guaranty..
Bulk :: Bulk (n.) The main mass or body; the largest or principal portion; the majority; as, the bulk of a debt..
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..
Floating :: Floating (a.) Not funded; not fixed, invested, or determined; as, floating capital; a floating debt..
Distress :: Distress (n.) To seize for debt; to distrain.
Recover :: Recover (v. t.) To gain as a compensation; to obtain in return for injury or debt; as, to recover damages in trespass; to recover debt and costs in a suit at law; to obtain title to by judgement in a court of law; as, to recover lands in ejectment or common recovery; to gain by legal process; as, to recover judgement against a defendant..
Defray :: Defray (v. t.) To pay or discharge; to serve in payment of; to provide for, as a charge, debt, expenses, costs, etc..
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.
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..
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..
Irrecoverable :: Irrecoverable (a.) Not capable of being recovered, regained, or remedied; irreparable; as, an irrecoverable loss, debt, or injury..
Dette :: Dette (n.) Debt.
Even :: Even (a.) Balanced; adjusted; fair; equitable; impartial; just to both side; owing nothing on either side; -- said of accounts, bargains, or persons indebted; as, our accounts are even; an even bargain..
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..
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