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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.

Use "debt" in a sentence
  • "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."