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Definition of debt
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of debt is as below...
Debt (n.) An
action
at law to
recover
a
certain
specified
sum of money
alleged
to be due.
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Debt
::
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..
Nonsolvency
::
Nonsolvency
(n.)
Inability
to pay
debts;
insolvency.
Release
::
Release
(n.)
Discharge
from
obligation
or
responsibility,
as from debt,
penalty,
or claim of any kind;
acquittance..
Embarrassment
::
Embarrassment
(n.)
Difficulty
or
perplexity
arising
from the want of money to pay
debts.
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..
Quittance
::
Quittance
(v. t.)
Discharge
from a debt or an
obligation;
acquittance.
Residue
::
Residue
(n.) That part of a
testeator's
estate
wwhich
is not
disposed
of in his will by
particular
and
special
legacies
and
devises,
and which
remains
after
payment
of debts and
legacies..
Discuss
::
Discuss
(v. t.) To
examine
or
search
thoroughly;
to
exhaust
a
remedy
against,
as
against
a
principal
debtor
before
proceeding
against
the
surety..
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..
Reckon
::
Reckon
(v. i.) To come to an
accounting;
to make up
accounts;
to
settle;
to
examine
and
strike
the
balance
of debt and
credit;
to
adjust
relations
of
desert
or
penalty.
Pay
::
Pay (v. i.) To give a
recompense;
to make
payment,
requital,
or
satisfaction;
to
discharge
a
debt..
Insolvency
::
Insolvency
(n.) The
condition
of being
insolvent;
the state or
condition
of a
person
who is
insolvent;
the
condition
of one who is
unable
to pay his debts as they fall due, or in the usual
course
of trade and
business;
as, a
merchant's
insolvency..
Surf
::
Suretyship
(n.) The state of being
surety;
the
obligation
of a
person
to
answer
for the debt,
default,
or
miscarriage
of
another..
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..
Mortgage
::
Mortgage
(n.) A
conveyance
of
property,
upon
condition,
as
security
for the
payment
of a debt or the
preformance
of a duty, and to
become
void upon
payment
or
performance
according
to the
stipulated
terms;
also, the
written
instrument
by which the
conveyance
is
made..
Confession
::
Confession
(n.)
Acknowledgment;
avowal,
especially
in a
matter
pertaining
to one's self; the
admission
of a debt,
obligation,
or
crime..
Seguestration
::
Seguestration
(n.) A kind of
execution
for a rent, as in the case of a
beneficed
clerk,
of the
profits
of a
benefice,
till he shall have
satisfied
some debt
established
by
decree;
the
gathering
up of the
fruits
of a
benefice
during
a
vacancy,
for the use of the next
incumbent;
the
disposing
of the
goods,
by the
ordinary,
of one who is dead, whose
estate
no man will
meddle
with..
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..
Debit
::
Debit (v. t.) To enter on the
debtor
(Dr.) side of an
account;
as, to debit the
amount
of goods
sold..
Indebted
::
Indebted
(a.)
Brought
into debt; being under
obligation;
held to
payment
or
requital;
beholden.
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