debt

Definition

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.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

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.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

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.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
1099-OID Form Resolution Funding Corporation