'Debt' definitions:

Definition of 'debt'

From: WordNet
noun
The state of owing something (especially money); "he is badly in debt"
noun
Money or goods or services owed by one person to another
noun
An obligation to pay or do something

Definition of 'Debt'

From: GCIDE
  • 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 services; that which one person is bound to pay to another, or to perform for his benefit; thing owed; obligation; liability. [1913 Webster]
  • Your son, my lord, has paid a soldier's debt. --Shak. [1913 Webster]
  • When you run in debt, you give to another power over your liberty. --Franklin. [1913 Webster]
  • 2. A duty neglected or violated; a fault; a sin; a trespass. "Forgive us our debts." --Matt. vi. 12. [1913 Webster]
  • 3. (Law) An action at law to recover a certain specified sum of money alleged to be due. --Burrill. [1913 Webster]
  • Bond debt, Book debt, etc. See under Bond, Book, etc.
  • Debt of nature, death. [1913 Webster]

Definition of 'Debt'

From: Easton
  • Debt The Mosaic law encouraged the practice of lending (Deut. 15:7; Ps. 37:26; Matt. 5:42); but it forbade the exaction of interest except from foreigners. Usury was strongly condemned (Prov. 28:8; Ezek. 18:8, 13, 17; 22:12; Ps. 15:5). On the Sabbatical year all pecuniary obligations were cancelled (Deut. 15:1-11). These regulations prevented the accumulation of debt.