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Debt
01
an amount of money or a favor that is owed
Examples
After years of diligent saving, he finally managed to pay off his student debt.
They were struggling under the weight of mounting debt and needed to seek financial advice.
02
the situation of owing money, usually when it is not easy to pay it back
Examples
She fell into debt after medical expenses.
The state of debt forced the business to restructure.
03
an obligation to pay or do something
Examples
He recognized a debt of gratitude to his teacher.
The contract created a debt to complete the project.
