debt
What borrowers carry
Debt is money owed to another party.
You incur debt by borrowing—through loans, credit cards, or unpaid bills.
Debt can also be non-financial: I owe you a debt of gratitude.
To be in someone's debt is to owe them for a favor.
A debt collector pursues payment on behalf of creditors.
Borrowed money repaid later
- mortgageSecured home loan
- lenderOne who loans money
- financingProviding capital for purchases
- creditorOne owed money
principal · interest · collateral · amortization · refinance · installment · repayment · overdraft
Legal or financial obligation
- responsibilityState of being answerable
- commitmentFirm pledge to act
- dutyRequired moral task
- pledgeBinding promise given
covenant · bond · promise · owe · owing · outstanding · due · payable
Legal status when insolvent
- defaultPreset standard option
- foreclosureLender seizes mortgaged property
- repossessionCreditor seizing collateral
- insolvencyInability to pay debts
liquidation · receivership · discharge · writeoff · settlement · negotiation · judgment · garnishment
Ability to repay debts
- scoreNumerical standing in competition
- ratingAssigned evaluative score
- bureauOffice or furniture chest
- historyRecord of past events
report · limit · card · utilization · revolving · FICO · default · delinquency
Amount still owed
- governmentAuthority over a state
- nationalOf a country
- sovereignSupreme in power
- federalDivided governmental authority
municipal · treasury · budget · GDP · austerity · ceiling · ceiling · fiscal
Pressure, mental or vocal
- anxietyPersistent apprehensive distress
- worryTroubled mental state
- shamePainful awareness of failure
- fearEmotional response to threat
guilt · denial · overwhelmed · hopelessness · depression · sleepless · strain · crisis
Overwhelming in intensity
- overwhelmingIntensely excessive in force
- cripplingCausing severe impairment
- suffocatingDepriving of air
- mountingSteadily increasing in degree
spiraling · staggering · inescapable · insurmountable · albatross · millstone · shackles · weight
loan
Borrowed money repaid later
creditor · principal · interest · collateral · amortization · refinance · installment · repayment · overdraft · advance
liability
Legal or financial obligation
- responsibilityState of being answerable
- commitmentFirm pledge to act
- dutyRequired moral task
pledge · covenant · bond · promise · owe · owing · outstanding · due · payable · receivable
bankruptcy
Legal status when insolvent
- defaultPreset standard option
- foreclosureLender seizes mortgaged property
- repossessionCreditor seizing collateral
insolvency · liquidation · receivership · discharge · writeoff · settlement · negotiation · judgment · garnishment · lien
creditworthiness
Ability to repay debts
- scoreNumerical standing in competition
- ratingAssigned evaluative score
- bureauOffice or furniture chest
history · report · limit · card · utilization · revolving · FICO · default · delinquency · inquiry
deficit
Amount still owed
- governmentAuthority over a state
- nationalOf a country
- sovereignSupreme in power
federal · municipal · treasury · budget · GDP · austerity · ceiling · ceiling · fiscal · bonds
stress
Pressure, mental or vocal
fear · guilt · denial · overwhelmed · hopelessness · depression · sleepless · strain · crisis · helpline
crushing
Overwhelming in intensity
- overwhelmingIntensely excessive in force
- cripplingCausing severe impairment
- suffocatingDepriving of air
mounting · spiraling · staggering · inescapable · insurmountable · albatross · millstone · shackles · weight · trap
- Money & Financecurrency, cash, coins, bills, wages
- business termsfranchising, revenue stream, board meeting, gross margin, markdown
- debtcreditor, owe, lender, unpaid, borrower
- debtscar loan, student loan, loans, bank loan, personal loan
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- financial termswealth, asset, currency, balance sheet, audit
debtdischarge
Release of substance outward
quittance · settlement · clearance · liquidation · freedom
debtinnocence
Freedom from wrongdoing
blamelessness · guiltlessness · clear conscience · righteousness · virtue
- in debtOwing money owed
- debit cardPayment from checking account
- credit card debtMoney owed on plastic
- debt collectorOne who pursues repayment
- student debtBorrowed tuition funds owed
- debt of gratitude
debts, indebted, debit, debtor, indebtedness, debtors, debenture