Definition, Meaning & Synonyms
debt
noun
/dɛt/
Definition
An amount of money borrowed by one party from another, which is expected to be paid back with interest.
Examples
- Many students graduate with a significant amount of debt from their college loans.
- The company is struggling to reduce its debt after several years of poor sales.
- He felt a sense of debt to his parents for the support they gave him through college.
Meaning
Debt refers to the obligation to repay borrowed money. It can also mean the state of owing money or financial liability.
Synonyms
- obligation
- liability
- loan
- arrears
