debt: Meaning and Definition of
debt
Pronunciation: (det), [key]
— n.
- something that is owed or that one is bound to pay to or perform for another: a debt of $50.
- a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily.
- the condition of being under such an obligation: His gambling losses put him deeply in debt.
- an offense requiring reparation; a sin; a trespass.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.