Debt

det, n. what one owes to another: what one becomes liable to do or suffer: a state of obligation or indebtedne : a duty: ( B. ) a sin.— p.adj. Debt′ed ( Shak. ), indebted, obliged to.— ns. Debt′ee , a creditor; Debt′or , one who owes a debt: the side of an account on which debts are charged.— Debt of honour , a debt not recognised by law, but binding in honour—esp. gambling and betting debts; Debt of nature , death.— Active debt , a debt due to one, as opposed to Pa ive debt , a debt one owes; Floating debt , miscellaneous public debt, like exchequer and treasury bills, as opposed to Funded debt , that which has been converted into perpetual annuities like consols in Britain.— In one's debt , under a pecuniary obligation to one. [O. Fr. dette —L. debitum , debēre , to owe.]