Definition of debt

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

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Empower :: Empower (v. t.) To give authority to; to delegate power to; to commission; to authorize (having commonly a legal force); as, the Supreme Court is empowered to try and decide cases, civil or criminal; the attorney is empowered to sign an acquittance, and discharge the debtor..
Debt :: Debt (n.) An action at law to recover a certain specified sum of money alleged to be due.
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..
Bankrupt :: Bankrupt (a.) Being a bankrupt or in a condition of bankruptcy; unable to pay, or legally discharged from paying, one's debts; as, a bankrupt merchant..
Solvent :: Solvent (a.) Able or sufficient to pay all just debts; as, a solvent merchant; the estate is solvent..
Repudiation :: Repudiation (n.) The act of repudiating, or the state of being repuddiated; as, the repudiation of a doctrine, a wife, a debt, etc..
Indebt :: Indebt (v. t.) To bring into debt; to place under obligation; -- chiefly used in the participle indebted.
Beholden :: Beholden (p. a.) Obliged; bound in gratitude; indebted.
Adjudication :: Adjudication (n.) The decision upon the question whether the debtor is a bankrupt.
Acquit :: Acquit (v. t.) To discharge, as a claim or debt; to clear off; to pay off; to requite..
Outlaw :: Outlaw (v. t.) To remove from legal jurisdiction or enforcement; as, to outlaw a debt or claim; to deprive of legal force..
Insolvent :: Insolvent (a.) Not sufficient to pay all the debts of the owner; as, an insolvent estate..
Insure :: Insure (v. t.) Specifically, to secure against a loss by a contingent event, on certain stipulated conditions, or at a given rate or premium; to give or to take an insurance on or for; as, a merchant insures his ship or its cargo, or both, against the dangers of the sea; goods and buildings are insured against fire or water; persons are insured against sickness, accident, or death; and sometimes hazardous debts are insured..
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..
Bulk :: Bulk (n.) The main mass or body; the largest or principal portion; the majority; as, the bulk of a debt..
Embarrass :: Embarrass (v. t.) To involve in difficulties concerning money matters; to incumber with debt; to beset with urgent claims or demands; -- said of a person or his affairs; as, a man or his business is embarrassed when he can not meet his pecuniary engagements..
Arrest :: Arrest (v. t.) To take, seize, or apprehend by authority of law; as, to arrest one for debt, or for a crime..
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..
Exact :: Exact (a.) Precisely agreeing with a standard, a fact, or the truth; perfectly conforming; neither exceeding nor falling short in any respect; true; correct; precise; as, the clock keeps exact time; he paid the exact debt; an exact copy of a letter; exact accounts..
Amortize :: Amortize (v. t.) To clear off or extinguish, as a debt, usually by means of a sinking fund..
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