debt

(redirected from Debts)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia.
Related to Debts: Bad debts, national debts

debt to nature

A euphemism for death. When I'm ready to pay my debt to nature, I hope I'm surrounded by my family.
See also: debt, nature

up to (one's) ears in debt

Having an excessive or overwhelming about of debt. Our cash flow is good, but we're up to our ears in debt, which is a big strain on the company. You'll be up to your ears in debt if you don't stop charging everything.
See also: debt, ear, up

make good on (something)

To fulfill an obligation, such as keeping a promise or paying a debt. You better make good on all the things you said you would deliver, or the client is not going to be happy. Trust me, I always make good on my debts, OK?
See also: good, make, on

be in (one's) debt

1. Literally, to owe one money. That's what loan sharks do—they get you to be in their debt and then squeeze you dry.
2. To owe one gratitude (or, more rarely, some form of compensation, such as a favor) for their help. Helen's the one who got me a job at that great company, so I'm forever in her debt.
See also: debt

get into debt

To come to be in a position of owing money to someone or something (such as a bank or other lending institution). If you spend more with your credit cards than you can reasonably pay off, you'll get into debt before you know it.
See also: debt, get

run into debt

To come to be in a position of owing money to someone or something (such as a bank or other lending institution). If you spend more with your credit cards than you can reasonably pay off, you'll run into debt before you know it.
See also: debt, run

out of debt

No longer having a debt owed to one or more other people, corporations, banks, etc. It feels so good to finally be out of debt. Now I can finally start a meaningful savings account. I know that they've been struggling to get out of debt for years.
See also: debt, of, out

owe (one) a debt of gratitude

To be extremely thankful or grateful to one for something one did. I owe my parents a debt of gratitude for all their support over the years. Without them, there's no way I could have gotten where I am today. She really went above and beyond to help me get set up in this city, so I owe her a huge debt of gratitude.
See also: debt, gratitude, of, owe

owe a debt of gratitude to (someone)

To be extremely thankful or grateful to one for something one did. I owe a debt of gratitude to my parents for all their support over the years. Without them, there's no way I could have gotten where I am today. She really went above and beyond to help me get set up in this city, so I owe a huge debt of gratitude to her.
See also: debt, gratitude, of, owe

pay (one's) debt

1. To repay some or all of the money one owes to someone else. A noun or pronoun can be used between "(one's) and "debt" to specify the type of debt one has accrued. I only won about $5,000 in the lottery, but it was enough to pay my credit card debt. I'm gonna be paying my student loan debt for nearly 20 years.
2. To serve the sentence given to one upon conviction of a crime. Often followed by "to society." In the eyes of the law, he has paid his debt to society, so he shouldn't be facing any further punishment for his past crimes. I spent nearly 15 years in prison—I paid my debt!
See also: debt, pay

pay (one's) debt to society

To serve the sentence given to one upon conviction of a crime. In the eyes of the law, he has paid his debt to society, so he shouldn't be facing any further punishment for his past crimes. I spent nearly 15 years in prison—I paid my debt to society!
See also: debt, pay, society

head over heels in debt

Fig. deeply in debt. Finally, when she was head over heels in debt, she cut up her credit cards. I couldn't stand being head over heels in debt, so I always pay off my bills immediately.
See also: debt, head, heel, over

in debt

having debts; having much debt; owing money. Mary is deeply in debt. I am in debt to the bank for my car loan.
See also: debt

*out of debt

no longer owing a debt. (*Typically: be ~; get ~; get oneself ~.) I've taken a second job so I can get myself out of debt.
See also: debt, of, out

owe someone a debt of gratitude

a large amount of thanks owed to someone who deserves gratitude. (Actually payment of the debt is owed.) We owe you a debt of gratitude for all you have done for us.
See also: debt, gratitude, of, owe

pay one's debt (to society)

Cliché to serve a sentence for a crime, usually in prison. The judge said that Mr. Simpson had to pay his debt to society. Mr. Brown paid his debt in state prison.
See also: debt, pay

up to your ears in debt

If you are up to your ears in debt, you owe a lot of money. Tom was still up to his ears in debt with no prospect of work.
See also: debt, ear, up

be in somebody’s ˈdebt

(formal) be very grateful to somebody because they have helped you: After my divorce Ann was the only one prepared to listen to my problems, and I am forever in her debt.
See also: debt

ˌget/ˌrun into ˈdebt

begin to owe money: After she lost her job, she began to run into debt.
See also: debt, get, run
References in periodicals archive ?
However, counter to the way implemented by many taxpayers, the repeal of the reserve method does not require them to rely on the write-off entry recorded for financial accounting purposes; Congress intended to allow a deduction for partially worthless business bad debts in the year in which ascertained worthless, provided they are charged off by the taxpayer.
Most people think garnishing wages happens only to those with tax debt.
The principle of odious debt was codified in the early 20th century by a Russian political theorist, Alexander Nahum Sack.
The Jubilee campaign considers these debts to be illegitimate, in that the people who are suffering now to repay them had no role in the borrowing, nor did they benefit from the loaned cash.
The FDCPA requires that for a "debt collector" to seek payment of a debt (rent), there must be served upon the debtor (tenant) a thirty-day notice to verify the debt.
In my remarks, I would like to begin with an overview of the economic factors that are likely to have contributed to the rising levels of consumer debt.
Interest paid on qualified residence debt enjoys special tax treatment.
Equity financing, on the other hand, pays off your debts using a loan against the value of your home.
If a bona fide loan exists between family members, the lender can claim a bad debt deduction if the borrower defaults and the lender makes demands for payment.
Worsening the situation, many old debts have ballooned dramatically because debtors failed to keep up with the payments: Overdue principal and interest plus late fines were heaped on top of the old principal.
For quite some time, the federal Fair Debt Collections Practices Act (FDCPA) has caused confusion in the courts of New York (as well as in federal courts) as it relates to summary proceedings brought on by landlords against residential tenants for nonpayment of rent.
Policy on the Problems of International Debt The international debt problems of developing countries in the 1980s have been serious and complex.