Legal English Dictionary
debt
nounsomething, especially money, that is owed to someone else; something that one (debtor) is bound to pay to or perform for another; obligations or liabilities; something to pay or render; an obligation to pay a sum or money or an amount in goods or services to another party; the state of owing somethingThe average amount of debt of those seeking help from debt advisors increased by 16% to £18,131.
