i am indebted to my bank ,what does that mean?
Debt
Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor. Debt is a deferred payment, or series of payments, that is owed in the future, which is what differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans
I. I am a Noncommissioned Officer: a leader of people. I am proud of the Noncommissioned Officer corps and will, at all times, conduct myself so as to bring credit upon it. I will not use my grade or position to attain profit or safety.
So, what does this mean to me as an NCO?
What this means is, I as an NCO will continually seek to better myself by going to my career schooling and absorbing what I learn from my senior NCO's, it means that