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debt noun
1 sum of money owed
ADJ. big, crippling, enormous, high, huge, large, massive, substantial He was burdened with crippling debts. | mounting a company faced with mounting debts | outstanding, unpaid She used her lottery winnings to pay off her outstanding debts. | overdue | bad (= that cannot be repaid) Bad debt has hit the bank"s profits this year. | long-term, short-term | overall, total | gross, net | commercial, corporate | external, foreign, international | national, public The country has a national debt of 80% of GNP. | gambling
VERB + DEBT be burdened with, have, owe (sb) the substantial debts that the company owed to the bank | incur, run up She ran up huge debts on her credit card. | clear, meet, pay (back/off), repay, settle Without a job, he"ll never clear his debts. It"ll take months to pay off all your debts. | reduce | tackle The new governments main aim is to tackle the country"s massive debt. | default on The firm defaulted on its debt and its assets were seized. | cancel, wipe off/out, write off After a series of meetings, the banks were forced to write off the company"s debts. | service (= pay interest on) The fall in exports has left the country unable to service its debts. | reschedule, restructure The company has reached a deal with its major creditors allowing it to restructure its debts. | secure a debt secured on property
DEBT + VERB fall due | stand at sth, total sth The national debt stands at $7,000 million. | arise from sth debts arising from bad investments
DEBT + NOUN collection, collector | burden
PREP. of ~ $80 million of debt
PHRASES a burden of debt Faced with a mounting burden of debt, he sold off the company. | payment/repayment/settlement of a debt
2 state of owing money
ADJ. serious
VERB + DEBT go into, get into, slip into It is easy to get into serious debt with a credit card. | get out of You can get out of debt by strict economizing.
PREP. in ~ He was heavily in debt by the time he sought advice. | out of ~ struggling to stay out of debt
PHRASES deeply/heavily in debt
3 sth that you owe sb
ADJ. great
VERB + DEBT owe | acknowledge, recognize
PREP. in sb"s ~ I am in Ruth"s debt for the excellent advice she gave me. | ~ to In the introduction, the author acknowledges her debt to other writers on the subject.
PHRASES owe a debt of gratitude to sb We owe a great debt of gratitude to our families for their support.
n.
the state of owing something (especially money)he is badly in debt
money or goods or services owed by one person to anotheran obligation to pay or do something