Debt

Debt

A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

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Famous quotes containing the word debt:

    “This is the debt I pay
    Just for one riotous day,”
    —Paul Laurence Dunbar (1872–1906)

    “They who have been bred in the school of politics fail now and always to face the facts. Their measures are half measures and makeshifts merely. They put off the day of settlement, and meanwhile the debt accumulates.”
    —Henry David Thoreau (1817–1862)

    “Ambition’s debt is paid.”
    —William Shakespeare (1564–1616)