Word DEBT: meanings, synonyms & antonyms

debt

🇺🇸 [dɛt]

Meanings

A financial obligation or sum of money owed by one party to another, typically as a result of borrowing. It can refer to both personal and national financial obligations. Debt can be used in a variety of contexts, ranging from household bills to large-scale government financing. The inability to repay debt may lead to financial difficulties or even bankruptcy.

Examples

• She is struggling to pay off her credit card debt.
• The country has been burdened with national debt for many years.
• He took out a loan to pay off his student debt.
• Managing debt is essential for financial stability.
• The company had to declare bankruptcy due to its overwhelming debt.

Synonyms

liability • obligation • arrears

Antonyms

asset • surplus • credit