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What is a debt?

What is a debt? Here are some definitions.

Noun
  1. An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.
  2. The state or condition of owing something to another.
  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.
  4. (law) An action at law to recover a certain specified sum of money alleged to be due.
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Examples
The international man, however, does always acknowledge his debt of gratitude to his parents and to the other members of his family.
The society added that abolishing the current system of debt recovery would discourage firms from advancing credit or lending money.
It is a very unusual to have such a remote war grave, but it is important to remember the debt we owe to these airmen.
Like jazz dance, Cuban dance forms owe an immeasurable debt to African culture.
Twenty years ago the total debt of U.S. households was equal to half the size of the economy.
When are we going to understand that debt slavery is an abomination, is abhorrent to God?

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