What is another word for debt?

2383 synonyms found


[ dˈɛt], [ dˈɛt], [ d_ˈɛ_t]

Debt is an essential part of modern economies and businesses. It is the money that is borrowed by an individual or an organization with the promise of repayment. However, there are several synonyms for the word "debt" that can be used in different contexts. For instance, one can use the word "liability" to refer to the financial obligation that an entity has to pay. Similarly, the term "arrears" is used to indicate the late or overdue payment. Other synonyms for debt include "obligation," "mortgage," "bond," "fundament," and "ledger." Regardless of the word used, the importance of managing debt responsibly cannot be overstated.

Synonyms for Debt:

How to use "Debt" in context?

"debt" is a massive global problem that affects every person on the planet. When you take on debt, you are pledging to pay someone back with future income. You may think that by taking on a small amount of debt, you won't have to pay it back for a long time, but this is not always the case.

Many people borrow money to purchase a house, to pay for a wedding or other large expense. However, these days, house prices are so high that many people are finding that they owe more on their mortgage than their house is worth.

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