Word Finder - debt

definition

An action, state of mind, or object one has an obligation to perform for another, adopt toward another, or give to another.

definition

The state or condition of owing something to another.

example

I am in your debt.

definition

Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction.

definition

An action at law to recover a certain specified sum of money alleged to be due.

Your debt is paid.

The debt was incurred before I took over.

The following table shows the increase of the funded debt since 1814.

They were making money on it, but there was so much debt to begin with.

In 1909 the state had a debt of £302,270.

I am deep in your debt, my most gracious lord and master.

Your debt to her is done.

I am simply collecting on the debt, as is my obligation.

It can overspend and rack up public debt and destroy the currency.

A specialty debt is created by deed or instrument under seal.

He received ten thousand rubles a year, but now resolved to take only two thousand and leave the rest to repay the debt to his parents.

There is no outstanding debt.

I settled an old debt and didn't even know it.

As to judgment debts, it is sufficient to say that, when by the judgment of a court of competent jurisdiction an order is made that a sum of money be paid by one of two parties to another, such a debt is not only enforceable by process of court, but it can be sued upon as if it were an ordinary debt.

I know you would have, but it was my debt, not yours.

It was enough to get her out of debt and on her feet in California.

In addition, the communes have a right to levy a, surtax not exceeding 50% of the quota levied by the state upon lands and buildings; a family tax, or fuocatico, upon the total incomes of families, which, for fiscal purposes, are divided into various categories; a tax based upon the rent-value of houses, and other taxes upon cattle, horses, dogs, carriages and servants; also on licences for shopkeepers, hotel and restaurant keepers, &c.; on the slaughter of animals, stamp duties, one-half of the tax on bicycles, &c. Occasional sources of interest are found in the sale of communal property, the realization of communal credits, and the contraction of debt.

The state debt at the close of the fiscal year 1907 amounted to $6,880,950.

Any general statement as to the debt owed by early European civilizations to western Asia would at present be premature, for though important discoveries have been made in Crete and Babylonia the best authorities are chary of positive conclusions as to the relations of Cretan civilization to Egypt and Babylonia.

The debt limit is set by the city charter at 18% of the assessed value of the taxable real estate of the city.

After his losses, he had determined to pay back his debt to his parents in five years.

Ferrara, successor of Scialoja, met a like fate; but Count Cambray-Digny, finance minister in the Menabrea cabinet of 1868-1869, driven to find means to cover a deficit aggravated by the interest on the Venetian debt, succeeded, with Sellas help, in forcing a Grist Tax Bill through parliament, though in a form of which Sella could not entirely approve.

Under the stress of the appalling financial conditions represented by chronic deficit, crushing taxation, the heavy expenditure necessary for the consolidation of the kingdom, the reform of the army and the interest on the pontifical debt, Sella, on the 11th of December 1871, exposed to parliament the financial situation in all its nakedness.

The serious feature of the situation lay less in the income than in the intangible expenditure, namely, the vast sums required for interest on the various forms of public debt and for pensions.

In 1909 the taxable real estate and personal property was valued at $108,663,716, and the city had no floating debt; on the 1st of February 1910, there were 810,706,318 worth of bonds outstanding, and the sinking fund was 82,011,857.

The accumulation of debt upon it was prevented by the prohibition of interest, the release of debts every seventh year, and the reversion of the land to the proprietor, or his heirs, at each return of the year of jubilee.

The funded debt was then gradually reduced until the last installment was paid in 1903.

There still remains, however, an irredeemable debt due to the common schools, Ohio University and Ohio State University, in return for their public lands.

An isolated use of the word " catholic " as a secular legal term survives in Scots law; a catholic creditor is one whose debt is secured over several or over all of the subjects belonging to the debtor.

The adjoining Quincy market may be mentioned because its construction (1826) was utilized to open six new streets, widen a seventh, and secure flats, docks and wharf rights - all without laying tax or debt upon the city.

The creation of the state commissions, independent of the city's control, but able to commit the city indefinitely by undertaking expensive works and new debt, was resented.

In 1885 a state law placed a limit on the contractable debt and upon the taxation rate of the city.

The limits were altered subsequently, but the net debt has continued to rise.

In 1822 it was $100,000; in 1850, $6,195,144; in 1886, $24,712,820; in 1904, $58,216,725; in 1907, $70,781,969 (gross debt, $104,206,706)-this included the debt of Suffolk county which in 1907 was $3,517,000.

The debt per capita is as high as the cost of current administration relatively to other cities.

In 1908 the assessed valuation of real and personal property was $119,592,508, the net debt was $3,854,498 and the rate of taxation was 14.75 mills on the dollar.

Hays to be Postmaster-General was in the nature of payment of a political debt to the man who had been the successful manager of the Republican campaign, it was early justified by his efficient administration of the postal service.

Yet the debt of Europe to the Crusades in this last respect has perhaps been unduly emphasized.

Basutoland has no public debt.

The bonded debt was incurred during the Reconstruction Period (1865-1875).

The bonded debt was thus reduced to $884,500; and on the 1st of January 1909 the debt, consisting of refunding bonds held as educational funds, amounted to $601,567.

His guiding principles were still simplicity of administration and speedy extinction of all debt, and everything bent to these objects.

Amid many difficulties, and thwarted even by Jefferson himself in the matter of the navy, Gallatin pushed on; and after six years the public debt was decreased (in spite of the Louisiana purchase) by $14,260,000, a large surplus was on hand, a comprehensive and beneficent scheme of internal improvements was ready for execution, and the promised land seemed in sight.

The performance, directed by Hans Richter, excited extraordinary attention; but the expenses were enormous, and burdened the management with a debt of £7500.

The public debt, practically the whole of which is on railways, amounted to 1 9, 0 97,4 68 in 1907.

The practices of exposure and sale of children, and of giving them in pledge for debt, are forbidden.

His health was poor and he found it hard to keep out of debt, but he made good use of his opportunities.

Schools and levees absorb about half of all revenues, leaving half for the payment of interest on the state debt (bonded debt on 1st of April 1908, $11,108,300) and for expenses of government.

For four years (1868-1872) the government expenses increased to ten times their normal volume, taxation was enormously increased, and about $57,000,000 of debt was created.

Lotteries which were an important source of revenue under Spain were abolished under the Republic. The debt resting on the colony in 1895 (a large part of it as a result of the war of 1868-1878, the entire cost of which was laid upon the island, but a part as the result of Spain's war adventures in Mexico and San Domingo, home loans, &c.) was officially stated at $168,500,000.