Miriam Webster defines debt as:
- SIN, TRESPASS Forgive us our debts.
- something owed : OBLIGATION – unable to pay off his debts, owe them a debt of gratitude a criminal’s debt to society
- a state of being under obligation to pay or repay someone or something in return for something received : a state of owing deeply in debt to creditors
- law, business : the common-law action for the recovery of money held to be due
It’s interesting that the first definition is a Sin or Trespass – meaning that the primary definition is something that is bad. And debt taken on unconsciously can often be bad. I have my own definition for it:
Getting money now with a promise to repay in the future – for more money