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TOEFL IELTS BNC: 1320 COCA: 1871

debt

noun

1
: something owed : obligation
unable to pay off his debts
owe them a debt of gratitude
a criminal's debt to society
2
: a state of being under obligation to pay or repay someone or something in return for something received : a state of owing
deeply in debt to creditors
3
law and business : the common-law action for the recovery of money held to be due
4
: sin, trespass
Forgive us our debts.
debtless adjective

Example Sentences

He is trying to pay off gambling debts. The company has run up huge debts. Their debts are piling up. He's been working three jobs in an attempt to get out of debt. The company was in debt but is now turning a profit. I am deep in debt. I'm thousands of dollars in debt. She went into debt to pay for college. I'm worried that we will fall into debt. See More
Recent Examples on the Web Others feel the forgiveness is fair after struggling for years under an oppressive amount of debt. Michelle Singletary, Washington Post, 7 Sep. 2022 Early in 1857, while riding on the crest of her popularity and to get herself out of debt, Seacole sat down to write her memoirs in an attic room in Soho Square in London. Helen Rappaport, Smithsonian Magazine, 6 Sep. 2022 Some 50 million Americans lack traditional credit scores, which banks typically require when reviewing applications for all manner of consumer debt. David Benoit, WSJ, 3 Sep. 2022 Interest rates are rising which means the cost of debt has increased. Tom Cooney And Crystal Faulkner, The Enquirer, 2 Sep. 2022 That was far below market borrowing costs for a small business facing significant operating risks and below the 10% cost of debt identified in the valuation documents. Mike Rogoway, oregonlive, 2 Sep. 2022 Vendors will likely be reassured by the cash infusion, but at the end of the day, the company still has a lot of debt. Allison Morrow, CNN, 31 Aug. 2022 But the discharge of student loan debt is taxable income under current Wisconsin law, according to the Legislative Fiscal Bureau. Kelly Meyerhofer, Journal Sentinel, 30 Aug. 2022 As the Biden administration defends its plan to forgive a portion of federal student loan debt, the threat of a legal challenge looms. Paulina Tam, ABC News, 29 Aug. 2022 See More

Word History

Etymology

Middle English dette, debte, from Anglo-French dette something owed, from Vulgar Latin *debita, from Latin, plural of debitum debt, from neuter of debitus, past participle of debēre to owe, from de- + habēre to have — more at give

First Known Use

13th century, in the meaning defined at sense 4

Time Traveler
The first known use of debt was in the 13th century

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