What is the pronunciation of debt?
English definition of “debt”
› [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