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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In a crowded field of Irish-themed bars in downtown Boston, Mr. Dooleyâs stands tall. Opened in 1991, itâs the first establishment by the late John Somers, who owned the Green Dragon, Paddy Oâs, suburban Dooleyâs outposts, and others.