debt · noun /det/Full view
B2 C an amount of money that you owe someone
Dictionary examples:

He managed to pay off his debts in two years.

The company ran up huge debts.

Learner example:

She thought of getting a loan but she already had huge debts. (First Certificate in English; B2; Greek)

B2 U when you owe money to someone
Dictionary examples:

They are in debt to the bank.

He got into debt after he lost his job.

The company is deep in debt.

Learner example:

The consequence is that I'm in debt. (First Certificate in English; B2; Danish)

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