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:

    “A good debt is not as good as no debt.”
    —Chinese proverb.

    “... the novel, as a living force, if not as a work of art, owes an incalculable debt to what we call, mistakenly, the new psychology, to Freud, in his earlier interpretations, and more truly, I think, to Jung.”
    —Ellen Glasgow (1873–1945)

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