An amount owed to a person or organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an amount owed by a specific date, which is set forth in the repayment terms. Use debt in a sentence.
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On June 12, 1630, the flagship of the Massachusetts Bay Company arrived in Salem to officially found the new colony. The company was founded by English Puritans, most of whom were educated and wealthy. A fleet of eleven ships brought hundreds of settlers to Salem.John Winthrop became the first governor of the colony. Charter Issued, by James I, who despised the Puritans and increased the persecution of them.The Puritans asked John Winthrop, a wealthy lawyer, to negotiate on their behalf to establish a new settlement in the new world.he company was founded by English Puritans, most of whom were educated and wealthy. A fleet of eleven ships brought hundreds of settlers to Salem. John Winthrop became the first governor of the colony. Charter Issued, by James I, who despised the Puritans and increased the persecution of them.