debt

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♦♦ debt /d'et/ (debts)
1 [N-VAR]
A debt is a sum of money that you owe someone.
Three years later, he is still paying off his debts...
...reducing the country's $18 billion foreign debt.
see also bad debt
2 [N-UNCOUNT]
Debt is the state of owing money.
Stress is a main reason for debt.
[PHRASE]
If you are in debt or get into debt, you owe money. If you are out of debt or get out of debt, you succeed in paying all the money that you owe.
He was already deeply in debt through gambling losses...
How can I accumulate enough cash to get out of debt?
3 [N-COUNT] usu sing, oft in poss N
You use debt in expressions such as I owe you a debt or I am in your debt when you are expressing gratitude for something that someone has done for you. (FORMAL)
He was so good to me that I can never repay the debt I owe him...bad debt (bad debts)
[N-COUNT]
A bad debt is a sum of money that has been lent but is not likely to be repaid.
The bank set aside £1.1 billion to cover bad debts from business failures.debt bur|den (debt burdens)
[N-COUNT]
A debt burden is a large amount of money that one country or organization owes to another and which they find very difficult to repay.
...the massive debt burden of the Third World.

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