Definitions for: Debt

[n] an obligation to pay or do something
[n] money or goods or services owed by one person to another
[n] the state of owing something (especially money); "he is badly in debt"

Webster (1913) Definition: Debt, n. [OE. dette, F. dette, LL. debita, fr. L. debitus
owed, p. p. of debere to owe, prop., to have on loan; de- +
habere to have. See Habit, and cf. Debit, Due.]
1. 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.

Your son, my lord, has paid a soldier's debt.

When you run in debt, you give to another power over
your liberty. --Franklin.

2. A duty neglected or violated; a fault; a sin; a trespass.
``Forgive us our debts.'' --Matt. vi. 12.

3. (Law) An action at law to recover a certain specified sum
of money alleged to be due. --Burrill.

Bond debt, Book debt, etc. See under Bond, Book, etc.

Debt of nature, death.

See Also: arrears, bad debt, debt ceiling, debt limit, financial obligation, indebtedness, installment debt, liabilities, liability, loan, national debt, obligation, principal, public debt, score

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