Question

What is meant by Indebtedness?

Answer 1

MEANING :the condition of owing money

SENTENCE WITH THE WORD :The Italian local authorities, communes and provinces alike, have considerably increased their indebtedness since 1882.

OPPOSITE : repayment

HOPE IT HELPED YOU ^_^

Answer 2

Indebtedness refers to owing to something (especially money) to someone.

Explanation:

Indebtedness means owing money to someone else. When someone debt something it means he borrow money or receive goods or services. Indebtedness is not same as the failure to pay.

A person can be indebtedness to a bank as he pays monthly bills. The person who fails to pay his debts is imprisoned in the Debtor’s prison. In 19th Century, True Debtor’s prison was abolished in U.S.