debt

word

/ˈdɛt/
det
/dˈɛt/
det

Definition

Money that you owe to someone, such as a bank, a company, or another person. It can also mean a feeling that you should be grateful or repay someone for their help.

Usage & Nuances

Common collocations are 'in debt', 'pay off a debt', 'get into debt', and 'debt crisis'. 'Debt' is often uncountable in general use ('He has a lot of debt'), but 'debts' is used for specific amounts owed. Don't confuse it with 'loan': a loan is the money you borrow; debt is what you owe.

Example Sentences

He has a lot of debt after college.

basic

They are trying to pay off their debt.

basic

The company is in debt.

basic

I’m still paying off credit card debt from last year.

natural

We got into debt when the business slowed down.

natural

I owe her a debt of gratitude for everything she did.

natural