See Also: Original issue discount debt (OID debt)(money)
Original issue discount debt (OID debt)(finance)
Junior debt (subordinate debt)(money)
Junior debt (subordinate debt)(finance)
bad debt(dictionary)
debt(encyclopedia)
debt(2)(dictionary)
debt(dictionary)
Debt(finance)
Debt(law)

debt (sh)




Something owed.

Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest. For governments, the need to borrow in order to finance a deficit budget has led to the development of various forms of national debt. See also bankruptcy; debtor and creditor; usury.