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English definition of “debt”


noun [C or U]     /det/
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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