A financial debt is an amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an amount owed by a specific date, which is set forth in the repayment terms.

A debt is also considered something owed, such as money, goods, or services.

• a. An obligation or liability to pay or render something to someone else.
• b. The condition of owing: a young family always in debt.

An offense requiring forgiveness or reparation; a trespass.