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indebtedness

 

Definitions from WordNet

Noun indebtedness has 1 sense
  1. indebtedness, liability, financial obligation - an obligation to pay money to another party
    --1 is a kind of obligation
    --1 has particulars:
     limited liability; debt; arrears; account payable; scot and lot

Definitions from the Web

Term: Indebtedness

Description:

Indebtedness refers to the state of owing money or being in debt to someone or an institution. It can also denote the obligation or responsibility one has to repay borrowed funds or fulfill a financial obligation.

Senses and Usages:

1. Noun (General): The overall condition or state of being in debt.

Example Sentence: His indebtedness increased significantly after he took out a large loan to start his business.


2. Noun (Specific): The total amount of money that an individual, company, or institution owes to others.

Example Sentence: The company's indebtedness to various creditors was causing significant financial strain.


3. Noun (Financial): A financial liability that represents borrowed funds.

Example Sentence: The bank assessed his creditworthiness and determined the maximum limit of his indebtedness.


4. Noun (Gratitude): A feeling of gratitude or obligation towards someone for their help or support.

Example Sentence: She felt a deep sense of indebtedness to her parents for their unwavering support throughout her career.


5. Noun (Moral): The state of being morally obligated or bound by a duty.

Example Sentence: This act of kindness created a sense of indebtedness in him, urging him to assist others.

Related Products:

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