Surname Meaning-Dobson. This surname is actually my own maiden name, which has originated from Northern Ireland through my great great grandfather, Edward Dobson. I heard from my late grandfather that Edward was actually born in County Armagh, but how true that is I don't know.
Examples of debt in a sentence. 1  He is trying to pay off gambling debts. 2  The company has run up huge debts. 3  Their debts are piling up.  He's been working three jobs in an attempt to get out of 1  debt. The company was in debt but is now turning a profit.  I am deep in 1  debt. I'm thousands of dollars in 2  debt. She went into debt to pay for college.
Debt backed or secured by collateral to reduce the risk associated with lending. An example would be a mortgage, your house is considered collateral towards the debt. If you default on repayment, the bank seizes your house, sells it and uses the proceeds to pay back the debt.