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Definition of Debt


  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.
  2. A duty neglected or violated; a fault; a sin; a trespass.
  3. An action at law to recover a certain specified sum of money alleged to be due.

Debt Quotations

America's fighting men and women sacrifice much to ensure that our great nation stays free. We owe a debt of gratitude to the soldiers that have paid the ultimate price for this cause, as well as for those who are blessed enough to return from the battlefield unscathed.
Allen Boyd

A man in debt is so far a slave.
Ralph Waldo Emerson

While we can never truly repay the debt we owe our heroes, the least we should do for our brave veterans is to ensure that the government takes a proactive approach to delivering the services and benefits they have earned, so they can access the care they need and so richly deserve.
Kirsten Gillibrand

Blessed are the young for they shall inherit the national debt.
Herbert Hoover

Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.
Noam Chomsky
More "Debt" Quotations

Debt Translations

debt in Afrikaans is skuld
debt in Dutch is schuld
debt in German is Schuld, Verpflichtung, Schuld
debt in Italian is colpa
debt in Latin is debitum
debt in Norwegian is gjeld
debt in Spanish is deuda
debt in Swedish is skuld
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