Debt  

From The Art and Popular Culture Encyclopedia

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Wikipedia Wiktionary Tumblr Wikisource YouTube Shop Featured: A Scheme for abolishing all Words is one of the wittiest and smartest comments on semantics. (Illustration: extreme close-up from the movie "The Big Swallow" (1901), produced and directed by James Williamson (1855-1933)

1. An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
   • 1589, William Shakespeare, Henry IV, Part I, act 1, sc. 3,

     Revenge the jeering and disdain'd contempt

     Of this proud king, who studies day and night

     To answer all the debt he owes to you

     Even with the bloody payment of your deaths.

   • 1850, Nathaniel Hawthorne, The Scarlet Letter, ch. 14,

     This long debt of confidence, due from me to him, whose bane and ruin I have been, shall at length be paid.

2. The state or condition of owing something to another.

   I am in your debt.

3. Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.