Meaning & Definition of Debt in English

Detailed Definitions

• Definition: An obligation to pay money or render services to another party.

  Example Sentence: He was in debt after borrowing from a friend.

• Definition: An amount owed by one party to another.

  Example Sentence: The company is in significant debt due to its expansion efforts.

• Definition: A feeling of gratitude for a service or favor rendered.

  Example Sentence: She felt a debt of gratitude to her mentor.

Etymology

Origin: Middle English 'dette', from Old French 'dette', from Latin 'debitum' meaning 'that which is owed'.

Synonyms

Common Phrases and Expressions

• debt of gratitude: A feeling of being thankful for a kindness received.
• debts of honor: Obligations that are based on honor rather than formal contracts.
• debt collection: The process of pursuing payments of debts owed by individuals or businesses.

Translations

• Spanish: deuda

• French: dette

• German: Schuld

• Russian: долг

Related Words

• credit: An arrangement to receive goods, services, or money in the future, typically in exchange for a promise to pay later.

• loan: A sum of money that is borrowed and is expected to be paid back with interest.

Slang Meanings of debt

• Meaning: In the red

  Example Sentence: After the shopping spree, I am really in the red.

• Meaning: Underwater

  Example Sentence: He's underwater on his mortgage because of market changes.