"debt" | Definition and Related Words

Noun

is a type of: financial obligation, indebtedness, liability - an obligation to pay money to another party
is a type of: liabilities - anything that is owed to someone else
subtypes:
- arrears - an unpaid overdue debt
- national debt - the debt of the national government (as distinguished from the debts of individuals and businesses and political subdivisions)
- public debt - the total of the nation's debts: debts of local and state and national governments; an indicator of how much public spending is financed by borrowing instead of taxation
- debt ceiling, debt limit - the maximum borrowing power of a governmental entity
- bad debt - a debt that is unlikely to be repaid
- installment debt - debt to be paid by installments
- loan - the temporary provision of money (usually at interest)
- principal - the original amount of a debt on which interest is calculated
- score - an amount due (as at a restaurant or bar)
is a type of: obligation - a legal agreement specifying a payment or action and the penalty for failure to comply