Question

Meaning of debt ????​

Answer 1

Answer:

Debt is what someone owes to someone else. Usually, debt is in the form of money, but it can also be items, services, favors, or other things. Thus if you make an agreement to give or do something for someone else, you now owe a debt.

Answer 2

Answer:

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances.