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- Dictionarydebt/dɛt/
noun
- 1. a sum of money that is owed or due: "I paid off my debts" Similar
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DEBT definition: 1. something, especially money, that is owed to someone else, or the state of owing something: 2…. Learn more.
The meaning of DEBT is something owed : obligation. How to use debt in a sentence.
Jun 29, 2024 · Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal ...
Sep 21, 2021 · Definition and Examples of Debt . Debt is money that one entity—a person, business, organization, or government—owes another entity. When you borrow money, you’ll typically make an agreement with the lender that you’ll repay the money on a schedule, sometimes with interest or a fee. Most people are familiar with common types of debt like credit cards and auto, student, and home loans.
Debt definition: something that is owed or that one is bound to pay to or perform for another. See examples of DEBT used in a sentence.
Jun 17, 2024 · debt, something owed. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest. For governments, the need to borrow in order to finance a deficit budget has led to the development of various forms of national debt.
Only two payments were made, leaving an outstanding debt of £300. Data show that debt levels at private companies are increasing. Managing your student loan debt is not easy. The country has a national debt of 80% of GNP. The company wrote it off as a bad debt. debts arising from bad investments; a debt secured on property
DEBT definition: 1. an amount of money that you owe someone: 2. a situation in which you owe money to someone: 3…. Learn more.
What is 'Debt'. Debt can be simply understood as the amount owed by the borrower to the lender. A debt is the sum of money that is borrowed for a certain period of time and is to be return along with the interest. The amount as well as the approval of the debt depends upon the creditworthiness of the borrower. There are different types of debts ...
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.
