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debt

noun [C or U]
 
 
/det/

Definition

B2 something, especially money, that is owed to someone else, or the state of owing something: He managed to pay off his debts in two years. The firm ran up huge debts. They are in debt to (= owe money to) the bank. He ran/got into debt (= borrowed money) after he lost his job. The company is deep in debt (= owes a lot of money). → See also indebtedBorrowing, lending and debt
(Definition of debt noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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