debt meaning

debt means 'money that you owe to someone'.

debt :

money owed, obligation

noun

▪ He has a big debt to pay.

▪ He owes a lot of money.

▪ She is trying to clear her debt.

▪ She is trying to pay what she owes.

paraphrasing

▪ liability – obligation

▪ arrears – unpaid money

▪ obligation – duty to pay

▪ dues – money owed

Pronunciation

debt [dɛt]

The stress is on 'debt' and sounds like 'det'.

Common phrases and grammar about debt

debt - Common meaning

noun
money owed, obligation

Part of Speech Changes for "debt"

▪ indebtedness (noun) – the state of owing money

▪ indebted (adjective) – owing money

Common Expressions with "debt"

▪ pay off a debt – to clear money owed

▪ incur a debt – to start owing money

▪ debt relief – help with paying money owed

▪ debt collection – getting back owed money

Important examples of debt in TOEIC

Vocabulary examples from the TOEIC test

In TOEIC vocabulary questions, debt often refers to financial obligations or money owed.

▪The company is in debt.
▪The company owes money.

Example of a confusing word: debit (a deduction from an account)

▪The company is in debit.
▪The company has a deduction from its account.
"Debt" refers to an amount of money that is owed or due, and it is used correctly in the sentence "The company is in debt," indicating that the company owes money. "Debit," however, refers to an entry recording an amount owed, typically in a bank account, and is not used to describe a financial obligation or state of owing money. Saying "The company is in debit" is grammatically incorrect and changes the meaning entirely. Therefore, "debt" is the correct choice in this context.

Grammar examples from the TOEIC test

Debt is a noun and often appears in grammar questions related to financial contexts.

▪She has a lot of debt.
▪She owes a lot of money.

debt

Idioms and fixed expressions in TOEIC

debt of gratitude

means 'a feeling of thankfulness'.

▪I owe him a debt of gratitude.
▪I feel very thankful to him.

in someone's debt

means 'to owe someone for their help'.

▪I am in her debt for the help she gave me.
▪I owe her for her help.

Differences between similar words and debt

debt

,

liability

differences

Debt is money owed, while liability is a broader term for any financial obligation.

debt
▪He is working to pay off his debt.
▪He is working to pay what he owes.
liability
▪The company has liabilities to manage.
▪The company has financial obligations to handle.

debt

,

arrears

differences

Debt is a general term for money owed, while arrears specifically refer to overdue payments.

debt
▪She is trying to reduce her debt.
▪He has not paid his rent on time.
arrears
▪He is in arrears on his rent.
▪He has not paid his rent on time.

Words with the same origin as debt

The origin of debt

debt comes from the Latin 'debitum', meaning 'something owed'.

Word structure

It has the root 'debit' (to owe) and means 'money owed'.

Words with the same origin

The word's root is unclear or difficult to confirm.

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