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.
Your son, my lord, has paid a soldier's debt. --Shak.
When you run in debt, you give to another power over your liberty. --Franklin.
2. A duty neglected or violated; a fault; a sin; a trespass. “Forgive us our debts.”
3. Law An action at law to recover a certain specified sum of money alleged to be due.
Bond debt, Book debt, etc. See under Bond, Book, etc.
Debt of nature, death.
n 1: the state of owing something (especially money); "he is
badly in debt"
2: money or goods or services owed by one person to another
3: an obligation to pay or do something
The Mosaic law encouraged the practice of lending (Deut. 15:7;
Ps. 37:26; Matt. 5:42); but it forbade the exaction of interest
except from foreigners. Usury was strongly condemned (Prov.
28:8; Ezek. 18:8, 13, 17; 22:12; Ps. 15:5). On the Sabbatical
year all pecuniary obligations were cancelled (Deut. 15:1-11).
These regulations prevented the accumulation of debt.