debt /ˈdɛt/noun 4forms 1phrases 1 noun4 •money that someone has to pay to another person, often because they borrowed itBolsheviki had repudiated the four-billion-dollar debt which the government of the Tsar had contracted with the bankers. — 1919 •An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.Revenge the jeering and disdain'd contempt / Of this proud king, who studies day and night / To answer all the debt he owes to you / Even with the bloody payment of your deaths. — 1589 •The state or condition of owing something to another.I am in your debt.We owe them a debt of gratitude for taking care of our pets. •An action at law to recover a certain specified sum of money alleged to be due formsdebts Phrases with debt pay one's debt to societyTo serve time in prison or a similar correctional facility.