debt

debt
*Money or *assets owed to an individual or organization. Debts include *short-term trading debts with customers as well as *long-term items like bank *loans and corporate *bonds - in all these cases, the debts arise from enforceable *contracts.

Auditor's dictionary. 2014.

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  • debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… …   Law dictionary

  • debt — W2S2 [det] n [Date: 1200 1300; : Old French; Origin: dette, from Latin debitum, from debere to owe ] 1.) a sum of money that a person or organization owes debt of ▪ This over ambitious strategy has saddled them with debts of around $3,000,000.… …   Dictionary of contemporary English

  • Debt — • That which is owed or due to another; in general, anything which one person is under an obligation to pay or render to another Catholic Encyclopedia. Kevin Knight. 2006. Debt     Debt      …   Catholic encyclopedia

  • debt — [ det ] noun *** 1. ) count an amount of money that you owe: By this time we had debts of over $15,000. run up a debt (=let it increase): She had run up debts of nearly $10,000. pay (off)/repay a debt: Many people experience difficulty in paying… …   Usage of the words and phrases in modern English

  • Debt — Debt, n. [OE. dette, F. dette, LL. debita, fr. L. debitus owed, p. p. of debere to owe, prop., to have on loan; de + habere to have. See {Habit}, and cf. {Debit}, {Due}.] 1. That which is due from one person to another, whether money, goods, or… …   The Collaborative International Dictionary of English

  • debt — debt; debt·less; debt·or; in·debt; in·debt·ed; in·debt·ed·ness; in·debt·ment; …   English syllables

  • debt — debt, indebtedness, obligation, liability, debit, arrear mean something, and especially a sum of money, that is owed another. Debt usually implies that the amount is owed in return for goods, property, or services and can be definitely computed… …   New Dictionary of Synonyms

  • debt — A liability on a claim (SA Bankruptcy.com) Under Title 11 U.S.C. Section 101: (12) The term debt means liability on a claim. United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • debt — [det] n. [altered (after L) < ME & OFr dette < L debitum, neut. pp. of debere, to owe < de , from + habere, to have: see HABIT] 1. something owed by one person to another or others 2. an obligation or liability to pay or return something …   English World dictionary

  • debt — (n.) late 13c., dette, from O.Fr. dete, from L. debitum thing owed, neuter pp. of debere to owe, originally, keep something away from someone, from de away (see DE (Cf. de )) + habere to have (see HABIT (Cf …   Etymology dictionary

  • debt — [n] money owed to others albatross*, arrearage, arrears, bad news*, baggage*, below the line*, bill, bite*, capital, check, chit*, claim, commitment, credit, cuff*, damage*, dead horse*, debenture, debit, deficit, due, dues, duty, encumbrance,… …   New thesaurus

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