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Debt may be owed by a sovereign state or country, local. For governments, the need to borrow in order to. Debt is a financial obligation that must be repaid.

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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.

[countable] a sum of money that somebody owes. Debt refers to an amount of money borrowed by one party from another. Debt comes from the latin word debitum, which. Debt is the practice of borrowing a tangible item, primarily money by an individual, business, or government, from another person, financial institution, or state.

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. Definition of debt noun from the oxford advanced learner's dictionary. It can take various forms, such as personal loans, credit card. It typically involves a borrower who owes money to a lender.

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The meaning of debt is something owed :

If you get arrested for stealing, serving time in jail is the way to repay your debt to society. I need to pay off all my debts. I've finally cleared all my debts. 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. How to use debt in a sentence.

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