debt: Meaning and Definition of

debt

Pronunciation: (det), [key]
— n.
  1. something that is owed or that one is bound to pay to or perform for another: a debt of $50.
  2. a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily.
  3. the condition of being under such an obligation: His gambling losses put him deeply in debt.
  4. an offense requiring reparation; a sin; a trespass.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also:
Debs debt issue
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