debt ( debts plural )
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.
2 n-uncount Debt is the state of owing money.
Stress is a main reason for debt. 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.
in debt phrase
He was already deeply in debt through gambling losses..., How can I accumulate enough cash to get out of debt?
3 n-count 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 usu sing, oft in poss N (feelings)
He was so good to me that I can never repay the debt I owe him...
bad debt ( bad debts plural ) A bad debt is a sum of money that has been lent but is not likely to be repaid. n-count
The bank set aside £1.1 billion to cover bad debts from business failures.
debt burden ( debt burdens plural ) 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. n-count
...the massive debt burden of the Third World.
Debt-ridden countries, companies, or people owe extremely large amounts of money. adj usu ADJ n
...the debt-ridden economies of Latin America.
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"Collins Cobuild English Dictionary for Advanced Learners 4th edition published in 2003 © HarperCollins Publishers 1987, 1995, 2001, 2003 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"