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Out of debt Meaning in English

expression

OWT-uhv-DET
OWT-ov-DET

Definition

No longer owing money to anyone; having paid back all debts.

Usage & Nuances

Common in financial contexts, both formal and informal. Used after someone pays all debts: 'get out of debt', 'stay out of debt'. Not used for small borrowings among friends (more for bank loans/credit cards).

Example Sentences

After five years, they are finally out of debt.

basic

I want to be out of debt before I buy a new car.

basic

She worked hard to get out of debt.

basic

It feels amazing to finally be out of debt and not worry about bills every month.

natural

My only goal this year is to get out of debt once and for all.

natural

Living out of debt gives you so much more freedom.

natural