English · Work & Business
debt
/det/
[/det/]
money owed
Intermediatenoun
Definition
An amount of money that one person or organization owes to another.
Example
After years of careful saving, the family finally paid off all of their debt.
After years of careful saving, the family finally paid off all of their debt.
Etymology
From Old French 'dette', from Latin 'debitum' (something owed); the silent 'b' was added to match Latin.
How & Where It’s Used
Used in finance and figuratively (a debt of gratitude).