Definition of "debt" []

• Something owed, such as money, goods, or services. (noun)
• An obligation or liability to pay or render something to someone else. (noun)
• The condition of owing: a young family always in debt. (noun)
• An offense requiring forgiveness or reparation; a trespass. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "When many Americans hear the term "debt ceiling," they compare it to the limit placed on their credit cards."
• "Our term debt maturity schedule including amortization and taking account of the $28 million revolver that matures in 2012 is now as follows; in 2011, $28 million; 2012, $153 million; 2013, $165 million and thereafter $357 million."
• "Using the term debt and $9.5 million (AUS$9.0 million) of revolver, combined with our cash of $1.6 million (AUS$1.5 million), we paid off our $105.8 million (AUS$100.5 million) of outstanding BOSI debt."