out of debt


Also found in: Legal.

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

*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