fundamentals
debt
Money borrowed by one party from another that must be repaid, typically with interest.
Example
"She worked hard to pay off her student debt within five years of graduating."
💡 Memory Tip
DEBT has a silent B — like the B is the burden hiding in your finances that you don't want to talk about.
Etymology
From Latin 'debitum' meaning 'thing owed' — what is owed.
Common Misspellings
deptdettdebitdedt
Related Terms
See Also
interest