Debt vs. Debtee — What's the Difference?

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Something owed, such as money, goods, or services

An obligation or liability to pay or render something to someone else

The condition of owing

Financial instruments, such as bonds, mortgages, and loans, that represent a claim to payment and rights of creditorship

A moral or legal obligation to make reparations or undergo punishment for committing an offense

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

The state or condition of owing something to another.

(finance) 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.

(legal) An action at law to recover a certain specified sum of money alleged to be due

That which is due from one person to another, whether money, goods, or services; that which one person is bound to pay to another, or to perform for his benefit; thing owed; obligation; liability.

A duty neglected or violated; a fault; a sin; a trespass.

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

The state of owing something (especially money);

Money or goods or services owed by one person to another

An obligation to pay or do something