Definition, Meaning & Synonyms
get-into-debt
verb phrase
ɡɛt ˈɪntu dɛt
Definition
To incur a financial obligation or liability by borrowing money or using credit, often resulting in owed amounts that must be repaid.
Examples
- If you continuously spend more than your income, you may get into debt.
- Many students get into debt while pursuing higher education due to loans.
- He regrets getting into debt for the latest gadgets.
Meaning
The phrase refers to the situation in which a person or entity spends more than they have available, leading to financial strain and the requirement to repay borrowed funds.
Synonyms
- become indebted
- incur debt
- fall into debt
