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Definitions of debt:

noun:   an obligation to pay or do something
noun:   money or goods or services owed by one person to another
noun:   the state of owing something (especially money)
Example: "He is badly in debt"

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Alternative Terms
debt-4 arrearage arrears due indebtedness liability obligation pay-owe interest national-debt bankruptcy debtor-and-creditor usury goods service cynical ambrose-bierce earl-wilson simone-weil paul-volcker john-updike unknown-source quote-4?subject=Debt&s2=Debt asset purchasing-power summation company-6 corporation corporate-finance creditor loan debtor indentured-servant binary-economics standard-of-deferred-payment payment money units-of-measurement currency good-economics-and-accounting time-electric-light-orchestra-album syndicated-loan bond-wordnet secured-loan security-interest property right default-finance annum-2 point-mortgage security-finance government investment marketplace year coupon-bond bond-market stock securitization inflation united-states-dollar-2 bank credit-money store-of-value risk-free-interest-rate treasury-security organization central-bank credit-rating-agency moody-s a-m-best standard-poor-s credit-rating munich-re 2004 refinancing credit-risk high-yield-debt english-law crime theft-act978 developing-countries-debt list-of-economists developing-nation leverage-finance the-great-depression credit-crunch consumption-economics criticism-of-debt risk odious-debt debt-levels-and-flows collection-agency consumer-debt consumer-credit debt-consolidation debt-based-monetary-system debt-bondage debt-snowball-method derivative-finance