What is the pronunciation of debt?
English definition of “debt”
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› [U] the situation of owing money, or of not having enough money to pay what you owe: consumer/corporate/federal debt Consumer debt is high, with record-level defaults on credit cards and mortgage loans. Now solvent, the conglomerate was $14 billion in debt when Jones took over as the new CEO.fall/get/go into debt With college tuition and housing prices rising, more and more families are falling into debt.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. → See also bad debt , bank debt , book debt , consumer debt , corporate debt , doubtful debt , external debt , floating debt , foreign debt , judgment debt , junior debt , long-term debt , medium-term debt , national debt , public debt , secured debt , senior debt , short-term debt , sovereign debt , Third World debt , trade debt , unsecured debt