Definition, Meaning & Synonyms

indebtedness

noun

/ɪnˈdɛtɪdnəs/

Definition

The state of being in debt; the condition of owing money or favors to someone.

Examples

The company’s indebtedness to its creditors has raised concerns among investors.
After losing his job, his indebtedness grew as he struggled to pay back student loans.
Her indebtedness to her parents for their support during her education is immense.

Meaning

Indebtedness refers to a situation where an individual or an entity owes financial obligations to another party, often in the form of money borrowed or services rendered.