0 something, especially money, that is owed to someone else, or the state of owing something: --
1 something owed, esp. money: --
We seem to be perpetually in debt.
2 the amount of money that is owed by a person, company, country, etc. and that they usually have to pay interest on: --
be burdened/saddled with debt(s) Young college graduates are saddled with crippling debts.
This arrangement is useful for those who need to consolidate their debts .
If the market does not improve, these businesses may not be able to service their debts, and we may see more bankruptcies.
write off/cancel a debt State law allows cities to write off uncollectable debts with the approval of the city council.
refinance/reschedule/restructure a debt The plan also includes restructuring of long-term debts at lower interest rates.
cut/pay down/reduce a debt Our credit counselors will work with you to help you to reduce your debt.
settle/resolve/retire a debt The country's foreign exchange reserves were adequate to settle the entire debt this year.
repay/pay off/clear a debt When applying for a loan, customers may be required to prove their ability to repay the debt.
amass/incur/run up a debt of Investors fear the insurance company will have amassed debts of more than €22.5 million by the end of the year.
Companies become insolvent because they cannot pay their debts.
Financing will consist of $200 million of debt in the form of a five-year term loan.
3 the situation of owing money, or of not having enough money to pay what you owe: --
get/keep/stay out of debt By setting up a debt repayment plan he was able to pay off his creditors and stay out of debt for good.
fall/get/go into debt With college tuition and housing prices rising, more and more families are falling into debt.
Now solvent, the conglomerate was $14 billion in debt when Jones took over as the new CEO.
consumer/corporate/federal debt Consumer debt is high, with record-level defaults on credit cards and mortgage loans.
The federal debt increased 3 1 times or 4 from 7% of initial private net worth to about 30%.
This can often happen if the family has already incurred large debt to obtain material possessions that render them 'not materially deprived'.
In this case, we will first analyze what is the effect of adopting a fiscal rule of budget balance (zero net debt).
Subsequently, in order to avoid external debt default, the economy adjusts sharply.
No sovereign government would dare to issue debt without being rated by one or both of the agencies.
Because prices are predetermined, a depreciation raises the foreign debt burden, which exerts a contractionary effect on output.
This suggests that non-elderly adults can have relatively high incomes, while incurring debt and still report material and even financial difficulty.
We assume that the costs of foreign debt depend upon the economy's aggregate indebtedness, which the individual agent takes as given.
