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:

    Capitalism is an art form, an Apollonian fabrication to rival nature. It is hypocritical for feminists and intellectuals to enjoy the pleasures and conveniences of capitalism while sneering at it.... Everyone born into capitalism has incurred a debt to it. Give Caesar his due.
    Camille Paglia (b. 1947)

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

    Pain and fear and hunger are effects of causes which can be foreseen and known: but sorrow is a debt which someone else makes for us.
    Freya Stark (1893–1993)