Definition, Meaning & Synonyms
debito
Noun
/ˈdeb.ɪ.təʊ/
Definition
A financial term that refers to an amount of money that is owed or due.
Examples
- The company took out a loan and now has a significant debito to repay.
- Managing your finances is crucial to avoid accumulating too much debito.
- They struggled with their debito after unexpected medical expenses.
Meaning
In a broader sense, ‘debito’ represents the state of being in debt or the obligation to pay back borrowed funds.
Synonyms
- debt
- obligation
- liability
- arrears