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indebtedness

DEFINITIONS OF: indebtedness

1

n an obligation to pay money to another party

Synonyms:
financial obligation, liability
Types:
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limited liability
the liability of a firm's owners for no more than the capital they have invested in the firm
debt
the state of owing something (especially money)
arrears
the state of being behind in payments
account payable, payable
a liability account showing how much is owed for goods and services purchased on credit
scot and lot
obligations of all kinds taken as a whole
Type of:
obligation
the state of being obligated to do or pay something

n a personal relation in which one is indebted for a service or favor

Synonyms:
obligation
Type of:
personal relation, personal relationship
a relation between persons
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