debt

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Debt Definition & Meaning

1. Debt refers to the amount of money owed by an individual, organization or government to another party.

Example: I have a debt of $10,000 on my credit card.

2. Debt can also refer to a moral or social obligation to repay a favor or act of kindness.

Example: I feel a debt of gratitude to my mentor for helping me succeed in my career.

3. In finance, debt is a financial instrument that represents a loan made by an investor to a borrower.

Example: The company issued bonds to raise capital and increase its debt.

4. Debt can also refer to a negative balance in an account or a deficit in a budget.

Example: The government is facing a debt crisis due to overspending and lack of revenue.

5. Debt can be a burden or a source of stress, anxiety, and financial hardship.

Example: I am struggling to pay off my debt and it's affecting my mental health and well-being.

Examples of the word debt used in sentences.

  • The country is in debt to many foreign lenders.
  • She is struggling to pay off her credit card debt.
  • He is taking a loan to pay off his debt.
  • I have a debt of 100 dollars to my friend.
  • They are worried about their debt increasing due to the pandemic.
  • Sarah's debt from student loans is weighing heavily on her shoulders.
  • The company filed for bankruptcy after accumulating too much debt.
  • Some people get into debt by taking out loans they can't afford to repay.
  • My credit card debt has been gradually increasing over the past few months.
  • I have a lot of debt to pay off, so I've started budgeting more carefully.
  • Due to the pandemic, many people are struggling to pay their debts and are in need of financial assistance.
  • I feel a sense of relief now that I have finally cleared my student loan debt after years of struggling to make regular payments.
  • I have a big debt that I need to pay off before I can even think of buying a new car.
  • My parents taught me to never live beyond my means and to avoid taking on unnecessary debt.
  • The company's debt-to-equity ratio has been steadily increasing over the past year, which could indicate potential financial challenges ahead.
  • Despite her efforts to pay off her debt, it continued to accumulate due to high interest rates.
  • The government's decision to borrow money to fund the infrastructure project resulted in an increase in national debt.
  • Despite being in debt, she refused to accept financial assistance from her family as she wanted to take responsibility for her own situation.
  • The couple decided to consolidate their debts into one lower interest loan to make it easier to manage.
  • The company was forced to file for bankruptcy due to mounting debt and poor financial management.
  • The country's national debt has been steadily increasing over the past decade.
  • The government's decision to bail out the struggling economy only added to the national debt.
  • Despite having a good job, Jane struggled to pay off her student debt.
  • Tom fell into debt after opening a business that was not profitable.
  • John's gambling habit caused him to accumulate a large amount of debt.
  • The government made the controversial decision to forgive the debts of some of the country's largest corporations, sparking outrage among taxpayers.
  • The debt crisis in the developing world continues to be a major concern for economists and policymakers, as it threatens to derail progress made in many countries over the past decade.
  • After years of struggling with credit card debt, she finally sought advice from a financial advisor and was able to get her finances back on track.
  • The company's debt had reached an unsustainable level, and it was clear that drastic measures would need to be taken in order to avoid bankruptcy.
  • Despite her high salary, she struggled to pay off her substantial debt, which had been accumulating for years due to her lavish spending habits.
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