Definition, Meaning & Synonyms
in-debt
Adjective
/ˈɪnˌdɛt/
Definition
Owing money to someone or a financial institution.
Examples
- After taking out several loans for college, she found herself in-debt.
- Many businesses struggle to stay afloat when they are in-debt.
Meaning
When a person or entity is in debt, it means they have borrowed money and are required to repay it.
Synonyms
- indebted
- obligated
- liable
