Definition of debt

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Debt (n.) A duty neglected or violated; a fault; a sin; a trespass.

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Bankrupt :: Bankrupt (n.) A trader who becomes unable to pay his debts; an insolvent trader; popularly, any person who is unable to pay his debts; an insolvent person..
Involve :: Involve (v. t.) To envelop, infold, entangle, or embarrass; as, to involve a person in debt or misery..
Indebted :: Indebted (a.) Placed under obligation for something received, for which restitution or gratitude is due; as, we are indebted to our parents for their care of us in infancy; indebted to friends for help and encouragement..
Principal :: Principal (n.) A capital sum of money, placed out at interest, due as a debt or used as a fund; -- so called in distinction from interest or profit..
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..
Non Est Factum :: Non est factum () The plea of the general issue in an action of debt on bond.
Contributory :: Contributory (n.) One who contributes, or is liable to be called upon to contribute, as toward the discharge of a common indebtedness..
Discharge :: Discharge (v. t.) To of something weighing upon or impeding over one, as a debt, claim, obligation, responsibility, accusation, etc.; to absolve; to acquit; to clear..
Clear :: Clear (superl.) Free from impediment or obstruction; unobstructed; as, a clear view; to keep clear of debt..
Mortgage :: Mortgage (v. t.) To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption..
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..
Del Credere :: Del credere () An agreement by which an agent or factor, in consideration of an additional premium or commission (called a del credere commission), engages, when he sells goods on credit, to insure, warrant, or guarantee to his principal the solvency of the purchaser, the engagement of the factor being to pay the debt himself if it is not punctually discharged by the buyer when it becomes due..
Stock :: Stock (n.) The part of a tally formerly struck in the exchequer, which was delivered to the person who had lent the king money on account, as the evidence of indebtedness. See Counterfoil..
Guarantee :: Guarantee (n.) In law and common usage: to undertake or engage for the payment of (a debt) or the performance of (a duty) by another person; to undertake to secure (a possession, right, claim, etc.) to another against a specified contingency, or at all avents; to give a guarantee concerning; to engage, assure, or secure as a thing that may be depended on; to warrant; as, to guarantee the execution of a treaty..
Pipe :: Pipe (n.) A roll formerly used in the English exchequer, otherwise called the Great Roll, on which were taken down the accounts of debts to the king; -- so called because put together like a pipe..
Apply :: Apply (v. t.) To put to use; to use or employ for a particular purpose, or in a particular case; to appropriate; to devote; as, to apply money to the payment of a debt..
Broken :: Broken (v. t.) Ruined financially; incapable of redeeming promises made, or of paying debts incurred; as, a broken bank; a broken tradesman..
Redemptioner :: Redemptioner (n.) One who redeems himself, as from debt or servitude..
Paper :: Paper (n.) Negotiable evidences of indebtedness; notes; bills of exchange, and the like; as, the bank holds a large amount of his paper..
Discharge :: Discharge (v. t.) To throw off the obligation of, as a duty or debt; to relieve one's self of, by fulfilling conditions, performing duty, trust, and the like; hence, to perform or execute, as an office, or part..
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