An amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an amount owed by a specific date, which is set forth in the repayment terms.

Use debt in a sentence

I had a lot of student debt built up and I needed to pay it off within the next few months, or I would be doomed.

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After taking out a loan on his new car, Ted figured out that he could repay his debt within two years by only paying an extra ten dollars a month.

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As a college student I am currently in debt with over ten thousand dollars that I owe towards my education but that debt isn't going to stop me from getting a proper education.

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EBITDA / fixed charges gross real estate investment value