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I need to pay off all my debts. [countable] a sum of money that somebody owes. Debt may be owed by a sovereign state or country, local.

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In the modern world, a debt may be a large sum of money borrowed for a major purchase and repaid over time with interest.

While the terms “loan” and “debt” are often used.

How to use debt in a sentence. Something, especially money, that is owed to someone else, or the state of owing something: Debt is money borrowed by individuals, organizations, or governments, which must be repaid with interest within a specified timeframe. The meaning of debt is something owed :

Debt is a financial obligation that must be repaid. Debt is the practice of borrowing a tangible item, primarily money by an individual, business, or government, from another person, financial institution, or state. It typically involves a borrower who owes money to a lender. I've finally cleared all my debts.

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Debt refers to an amount of money borrowed by one party from another.

The noun debt refers to an obligation to pay for or do something. Definition of debt noun from the oxford advanced learner's dictionary. Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. It can take various forms, such as personal loans, credit card.

If you get arrested for stealing, serving time in jail is the way to repay your debt to society. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest.