debt

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Related to Debts: Bad debts, national debts

Debt

Money borrowed.

Debt

Any money owed to an individual, company, or other organization. One acquires debt when one borrows money. Generally speaking, one acquires debt for a specific purpose, such as funding a college education or purchasing a house. In business and government, debt is often issued in the form of bonds, which are tradeable securities entitling the bearer to repayment at the appropriate time(s). Occasionally, especially for personal loans, debt is issued without interest or other compensation; one simply pays back what was lent. This is exceedingly rare in business and a debtor almost always compensates a creditor with a certain amount of interest, representing the time value of money. However, some areas of finance, especially Islamic banking, do not allow debt with interest.

debt

See liability.

Debt.

A debt is an obligation to repay an amount you owe. Debt securities, such as bonds or commercial paper, are forms of debt that bind the issuer, such as a corporation, bank, or government, to repay the security holder. Debts are also known as liabilities.

debt

an amount of money owed by one person, company, etc. to another. Debts result from borrowing money to purchase a product, service or financial asset (e.g. INSTALMENT CREDIT). Debt contracts provide for the eventual repayment of the sum borrowed and include INTEREST charges for the duration of the LOAN. See DEBTORS. BORROWER.

debt

an amount of money owed by a person, firm or government (the borrower) to a lender. Debts arise when individuals, etc., spend more than their current income or when they deliberately plan to borrow money to purchase specific goods, services or ASSETS (houses, financial securities, etc.). Debt contracts provide for the eventual repayment of the sum borrowed and include INTEREST charges for the duration of the loan. An individual's debt can include MORTGAGES, INSTALMENT CREDIT, BANK LOANS and OVERDRAFTS; a firm's debt can include fixed-interest DEBENTURES, LOANS, BILLS OF EXCHANGE and bank loans and overdrafts; a government's ebt can take the form of long-term BONDS and short-term TREASURY BILLS (see NATIONAL DEBT). See PUBLIC SECTOR BORROWING REQUIREMENT.

See also INTERNATIONAL DEBT.

debt

An obligation to pay another.

References in classic literature ?
Either pay thy debt as I have said, or release thy land and get thee gone from out my hall.
Fred Vincy, we have seen, had a debt on his mind, and though no such immaterial burthen could depress that buoyant-hearted young gentleman for many hours together, there were circumstances connected with this debt which made the thought of it unusually importunate.
A marriage might float him and pump the waters of debt out of his bark; but a good marriage depended on his advancement, and his advancement required that he should be a deputy.
The little store of sovereigns in the tin box seemed to be the only sight that brought a faint beam of pleasure into the miller's eyes,--faint and transient, for it was soon dispelled by the thought that the time would be long--perhaps longer than his life,--before the narrow savings could remove the hateful incubus of debt.
Determined to help in the struggle to clear the homestead from debt, they had no alternative but to go into service.
But of this adventure you shall be told in the next tale; for I have already shown you how Sir Richard of the Lea repaid his debt, with interest.
The public debt of the Union would be a further cause of collision between the separate States or confederacies.
You are in debt here, and, of course, you will always be in debt, and you will go on in debt to the end, till the visitors here begin to scorn you.
This debt will simply swallow all, And make my life a life of woe
Louis, to avoid being arrested for an old whiskey debt which he owed to the Missouri Fur Company, and by which Mr.
My lair is empty that was full when this moon was new, and the Blood Debt is not all paid.
I felt that this was a debt of honour, and that I could hardly bring myself to the point of even trying to enter school again till it was paid.