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

Broken :: Broken (v. t.) Ruined financially; incapable of redeeming promises made, or of paying debts incurred; as, a broken bank; a broken tradesman..
Incurrence :: Incurrence (n.) The act of incurring, bringing on, or subjecting one's self to (something troublesome or burdensome); as, the incurrence of guilt, debt, responsibility, etc..
Obligation :: Obligation (n.) The state of being obligated or bound; the state of being indebted for an act of favor or kindness; as, to place others under obligations to one..
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..
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..
Debit :: Debit (n.) A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account..
Rente :: Rente (n.) In France, interest payable by government on indebtedness; the bonds, shares, stocks, etc., which represent government indebtedness..
Indebt :: Indebt (v. t.) To bring into debt; to place under obligation; -- chiefly used in the participle indebted.
Hypothecation :: Hypothecation (n.) The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re..
Indulgence :: Indulgence (n.) Remission of the temporal punishment due to sins, after the guilt of sin has been remitted by sincere repentance; absolution from the censures and public penances of the church. It is a payment of the debt of justice to God by the application of the merits of Christ and his saints to the contrite soul through the church. It is therefore believed to diminish or destroy for sins the punishment of purgatory..
Asylum :: Asylum (n.) A sanctuary or place of refuge and protection, where criminals and debtors found shelter, and from which they could not be forcibly taken without sacrilege..
Embarrassment :: Embarrassment (n.) Difficulty or perplexity arising from the want of money to pay debts.
Appropriation :: Appropriation (n.) The application of payment of money by a debtor to his creditor, to one of several debts which are due from the former to the latter..
Acquit :: Acquit (v. t.) To discharge, as a claim or debt; to clear off; to pay off; to requite..
Account :: Account (n.) A registry of pecuniary transactions; a written or printed statement of business dealings or debts and credits, and also of other things subjected to a reckoning or review; as, to keep one's account at the bank..
Specialty :: Specialty (n.) A contract or obligation under seal; a contract by deed; a writing, under seal, given as security for a debt particularly specified..
Discount :: Discount (v. t.) A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted..
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..
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..
Score :: Score (n.) An account or reckoning; account of dues; bill; hence, indebtedness..
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