What Is Debt? Definition And
WHAT IS DEBT – In this topic, we will first know the definition of this term and how is this term used in sentences.
DefinitionThe Oxford Dictionary defines the term as the following:
something, typically money, that is owed or duethe state of owing moneya feeling of gratitude for a service or favor
On the other hand, the Merriam-Webster Dictionary defines this term as the following:
something oweda state of being under obligation to pay or repay someone or something in return for something received : a state of owingthe common-law action for the recovery of money held to be due
SynonymsHere are some of the following synonyms of this term:
billaccounttallyfinancial obligationoutstanding paymentamount duemoney owingin arrearsbehind with paymentslate with paymentsoverdue with paymentsoverdrawninsolvent
EtymologyIt came from the Middle English term dette, which is from the Latin term debitum or ‘something owed‘, which is from debere or ‘owe‘
ExamplesHere are some examples of the usage this term:
The following table shows the increase of the funded debt since 1814.They were making money on it, but there was so much debt to begin with.It can overspend and rack up public debt and destroy the currency.He received ten thousand rubles a year, but now resolved to take only two thousand and leave the rest to repay the debt to his parents
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