debt
Pronunciation Noun

debt

  1. An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
  2. The state or condition of owing something to another.
    I am in your debt.
    • 1594, William Shakespeare, Lvcrece (First Quarto)‎, London: Printed by Richard Field, for Iohn Harrison, […], OCLC 236076664 ↗:
      The petty ſtreames that paie a dailie det / To their ſalt ſoveraigne with their freſh falls#English|fals haste#English|haſt, / Adde to his flowe, but alter not his taſt.
  3. Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.
  4. (legal) An action at law to recover a certain specified sum of money alleged to be due.
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