Meaning of “debt” - Learner’s Dictionary

debt

noun uk us /det/
AMOUNT [ C ]

B2 an amount of money that you owe someone:

She's working in a bar to try to pay off her debts.
OWE MONEY [ U ]

B2 a situation in which you owe money to someone:

We don't want to get into debt.
He's heavily in debt.
be in sb's debt

to feel grateful to someone who has helped you or given you something:

I shall forever be in your debt.

(Definition of “debt” from the Cambridge Learner’s Dictionary © Cambridge University Press)